Hi Terry,
Could you please elaborate on above?
We currently live overseas and hold properties under own name, unit trust (with hubby owning 100% of units), fam discretionary trust (with a company as a trustee, hubby and I are directors of this company) and smsf. Info from our accountant is that he would argue that the control and management of smsf, fam and unit trusts remains in Australia, as Australian-based PMs manage our properties on daily basis, all accounting work is done in Australia too, etc. This way we wouldn't be affected by the recent changes in cgt, except for properties hold under personal name. Just wonder if this is your understanding too?
How does ATO usually define the location of control and management?
Thanks.