Capstone

Capstone: Nadia Okonkwo moves country

Nadia Okonkwo is an invented freelance designer. Until 30 June she lived in country A, where she is a citizen. On 1 July she moved to country B with her partner, who has a job there, and rented a home. She kept her flat in A and let it out; in December she sold it for a gain. In the year she earned fees from a company in B, fees from a company in country C, income from an online course sold to consumers in several countries, rent from the flat in A and a little bank interest. In September she formed a company in B and wants to transfer her business to it. A friend has told her that if she spends fewer than 183 days in B, she can avoid being resident there. You are asked to advise. Use the six questions from Module 1 and the three tools. All figures are invented, the tools use simplified rules, and the countries and their treaty are left abstract, so state your assumptions as you go.

General education on taxation law, using invented people, businesses and figures. It states common principles in simplified form and does not describe any one country’s law, which differs and changes; tax rules, rates, thresholds and deadlines are strict and local. It is not tax or legal advice. Consult a qualified adviser in the place that matters.