This is not a writing assignment!!!!!! Debbie was born in Australia and qualified as an engineer in 2005. She has worked in Toowoomba since 2005 but on 1 September of the current tax year Debbie travelled to Ireland to take up a job with a legal firm in Dublin, Ireland for a period of three years. She sold her car but retained her home in Toowoomba and rented it out to tenants. She leased a home in Dublin so that she, her husband and their two children could live together for the 3 year period.In relation to Debbie’s tax residency which of the following statements is most correct? a.Debbie is likely to become a non-resident of Australia from 1 September of the current tax year because after that time she has established a permanent place of abode overseas. b.Debbie is likely to remain a resident of Australia under the 183 day rule. c.Debbie will remain a resident of Australia for the current tax year as she has not lived overseas for 2 years at that time. d.Debbie will cease to be a resident of Australia from 1 July of the current tax year.

The individual needs to meet the residential criteria for becoming a resident of any nation. If the…

Answered: Debbie was born in Australia and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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This is not a writing assignment!!!!!!

Debbie was born in Australia and qualified as an engineer in 2005. She has worked in Toowoomba since 2005 but on 1 September of the current tax year Debbie travelled to Ireland to take up a job with a legal firm in Dublin, Ireland for a period of three years. She sold her car but retained her home in Toowoomba and rented it out to tenants. She leased a home in Dublin so that she, her husband and their two children could live together for the 3 year period.In relation to Debbie’s tax residency which of the following statements is most correct?

	a.	Debbie is likely to become a non-resident of Australia from 1 September of the current tax year because after that time she has established a permanent place of abode overseas.
	b.	Debbie is likely to remain a resident of Australia under the 183 day rule.
	c.	Debbie will remain a resident of Australia for the current tax year as she has not lived overseas for 2 years at that time.
	d.	Debbie will cease to be a resident of Australia from 1 July of the current tax year.

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