Private ruling: Temporary resident
Date of advice: 26 November 2021
Published: February 2022
Ruling period: Year ended 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Are capital gains on non Taxable Australian Property attributed to you from Attribution Managed Investment Trusts disregarded? | A1: Yes, as you are a temporary resident of Australia such gains and losses are disregarded. | Q2: Is foreign income attributed to you from Attribution Managed Investment Trusts non-assessable non-exempt income? | A2: Yes, as you are a temporary resident of Australia foreign sourced income is non-assessable non-exempt income.

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 section 768-910 | Income Tax Assessment Act 1997 section 768-915