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Edited version of private advice
Authorisation Number: 1051925673688
Date of advice: 26 November 2021
Ruling
Subject: Temporary resident
Question 1
Are capital gains on non Taxable Australian Property attributed to you from Attribution Managed Investment Trusts disregarded?
Answer
Yes, as you are a temporary resident of Australia such gains and losses are disregarded.
Question 2
Is foreign income attributed to you from Attribution Managed Investment Trusts non-assessable non-exempt income?
Answer
Yes, as you are a temporary resident of Australia foreign sourced income is non-assessable non-exempt income.
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are a taxation resident of Australia.
You are in Australia on a temporary visa.
You are a temporary resident of Australia.
You own units in Attribution Managed Investment Trusts
Relevant legislative provisions
Income Tax Assessment Act 1997 section768-910
Income Tax Assessment Act 1997 section 768-915