[Alan Collett]

A quick note to clarify Bob's posting: Australian CGT on the disposal of assets owned at the time of becoming a tax resident of Australia is computed with reference to the market value of the asset on the date you become a tax resident. not the original cost of the asset.

This means that capital gains (and losses) arising before you commence Australian tax residency are disregarded by the Australian Tax Office.

All this is assuming the enquirer/s is/are not "temporary tax residents" of Australia, as that can remove the charge to CGT in Australia as well ...

Best regards.