Announcements
Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Still not sure? Ask the Community

ATO Community

Foreign resident receiving ETF income

Newbie

Views 94

Replies 1

Hi,

 

I have a client who is a non-resident. His only Australian income is distributions from ETFs (VAP, VSO, VAF & STW). Do we need to inlcude all income components in his tax return, or do we leave out foreign income and franked income?

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Devotee Registered Tax Practitioner

Replies 0

I have a client who is a non-resident. His only Australian income is distributions from ETFs (VAP, VSO, VAF & STW). Do we need to inlcude all income components in his tax return, or do we leave out foreign income and franked income?

 

leave out foreign income and franked income

 

 

1 REPLY 1

Most helpful response

Devotee Registered Tax Practitioner

Replies 0

I have a client who is a non-resident. His only Australian income is distributions from ETFs (VAP, VSO, VAF & STW). Do we need to inlcude all income components in his tax return, or do we leave out foreign income and franked income?

 

leave out foreign income and franked income