Private ruling: Foreign income
Date of advice: 28 June 2021
Published: September 2021
Ruling period: Year ending 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX | Year ending 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is your foreign income assessable? | A1: No. As a temporary resident of Australia, you do not have to declare income that is from a foreign source. Accordingly, your foreign income is not assessable in Australia.

Relevant facts and circumstances: You and your spouse are both Country A and Australian tax residents for tax purposes. You are both Country A citizens with Country A passports. You arrived in Australian in mid-20XX on temporary visa which had been granted to allow you to live near your family who now live in Australia. You have been granted Bridging Visas. You have both applied for longer term visas which will allow you to live in Australia longer. You have been on this visa during the ruling period. Your Country A incomes include government pensions, a work pension, a private pension, rental income and interest on bank accounts. You have purchased a residential property in Australia where you live.

Relevant legislative provisions: Income Tax Assessment Act 1997 Section 768-910 | Income Tax Assessment Act 1997 Section 768-915 | Income Tax Assessment Act 1997 Section 995-1


This ruling applies for the following periods: