On 1 January 2022, Connor, a lawyer for a large Australian commercial law firm, was transferred...

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On 1 January 2022, Connor, a lawyer for a large Australian commercial law firm, was transferred to the Dubal office of the firm for a period of 2 years. As a result, Connor leased his house in Melbourne and his furniture was stored at his employer's cost. Shortly thereafter, because of an illness in the family, Connor returned to Australia for a month. During this time, he worked in the Melbourne office of the firm, but his salary continued to be paid by the Dubai office into his Dubai bank account. For the year ended 30 June 2022, Connor received a salary equivalent to $80,000 from the Dubal office as well as $50,000 from the Melbourne office for the 6 months to 31 December 2021. He also earned $15,000 from renting his house in Melbourne. Ignoring any double-tax treaties, advise Connor as to whether any of the amounts are assessable income in Australia for the year ended 30 June 2022, and, If so, why. On 1 January 2022, Connor, a lawyer for a large Australian commercial law firm, was transferred to the Dubal office of the firm for a period of 2 years. As a result, Connor leased his house in Melbourne and his furniture was stored at his employer's cost. Shortly thereafter, because of an illness in the family, Connor returned to Australia for a month. During this time, he worked in the Melbourne office of the firm, but his salary continued to be paid by the Dubai office into his Dubai bank account. For the year ended 30 June 2022, Connor received a salary equivalent to $80,000 from the Dubal office as well as $50,000 from the Melbourne office for the 6 months to 31 December 2021. He also earned $15,000 from renting his house in Melbourne. Ignoring any double-tax treaties, advise Connor as to whether any of the amounts are assessable income in Australia for the year ended 30 June 2022, and, If so, why.

Answer rating: 100% (QA)

Connors assessable income in Australia for the year ended 30 June 2022 includes the following compon... View the full answer