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TLAW 303 Taxation Law

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Question:

Residence and source Kit is a permanent resident of Australia. He was born in C hile and retains his Chilean citizenship. Kit spends most of the year working off the coast of Indonesia on an oil rig for a United States company. He was recruited for this job in Australia and signed a contract with the company her e. For the last four years, Kit wife has lived in Australia with their two children. They purchased a home in Australia three years ago. Kit and his wife have a joint bank account with Westpac Bank. Kits salary is paid directly into his account. All of the familys other investments, including a share portfolio that generates dividend income, remain in Chile.Kit gets one month off from work every third month and on these occasions, he meets with his family either in Australia or on holidays around
South America (usually in Chile where his parents reside).

Discuss whether Kit is a resident of Australia and how his salary and investment income would be taxed Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land.
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