Hi, I'm an SMSF sole trustee and wish to travel for a few years for more than the 183 days a year. Can I do this without affecting the compliance of my trust? Australian born born citizen, fly in out industry, own my own home etc. Thanks in advance.
Hey @TheUnicorn,
As long as you meet the 3 residency rules at all times during the financial year then you should be fine going overseas for just over half the year.
The 3 rules:
If you go overseas for an extended period, you might want to consider getting professional advice about maintaining the residency status of your SMSF.
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