Australian Taxation Treatment Case Study - Taxation Assignment Help

Assignment Task

Fuki Ama is a 28 year old citizen of Japan who is single with no dependants. He is a promising football star having played professional football in Japan with the Tokyo Samauris F.C. and the Under 20 national team. In December 2020 Fuki signed a contract to play professional soccer for Sydney City F.C., a club playing in the Australian Premier League. The contract is for the six month Australian professional season (1 March 2021 to 31 August 2021) with an option to extend for the following season if both parties agree. In accordance with the contract, Fuki will arrive in Australia on 1 February 2021 to commence training ahead of the season opening in March 2021.
 

Fuki has purchased a one-way ticket to Sydney departing Tokyo on 28 January 2021. While in Sydney he will reside in an apartment overlooking Bondi beach which he has leased for six months. He has a further six-month option to rent the apartment if his contract with Sydney City is extended. While in Australia he will lease the fully furnished apartment he owns in Japan to friends. He also has a term deposit with a Japanese bank of $150,000 USD. His mother and father will store his personal possessions (including his football trophies) at their home in Tokyo.
 

Fuki is confident he can make a career as a professional soccer player. If the Sydney City contract is not renewed in September 2021, he intends to engage an agent to secure a contract with another football club either in Australia or elsewhere in the world.

Required

In the form of a professional correspondence, advise Fuki on whether he will be classed as a resident of Australia for tax purposes at 30 June 2021. Also advise Fuki how his residency classification will affect the Australian taxation treatment of his contract income from the Sydney City FC.

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