My mother may have to pay $50,000 in tax because she found herself in Russia during the coronavirus pandemic. She went to Russia in early 2019 to help her mother buy a property. Now she is having her own property woes here in Australia. By staying in Russia during the pandemic, she is now facing significant unforeseen financial consequences.
The ATO taxes individuals as either foreign tax residents or Australian tax residents, regardless of their actual citizenship.
Already a subscriber? Log in
Get 10 issues
for $20
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $20.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in