Tax planning opportunities
Certain benefits in kind are concessionally-taxed for fringe benefit tax purposes such as motor vehicles, benefits that would be ‘otherwise deductible’, and allowances for accommodation and food where the recipient is living away from their usual place of residence.
Planning involving contributions to complying Australian superannuation plans can also be attractive. Contributions of tax paid capital into a superannuation fund can provide significant advantages for persons migrating to Australia.
Information about Australia:
Last updated 11 March 2008
This information has been provided by Grant Thornton Australia, a member firm within Grant Thornton International Ltd, and is for informational purposes only. Neither Grant Thornton Australia nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
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For further information on expatriate tax services in Australia please contact Paul Banister.
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