jezmunky

Hi Andrew, thanks for all the info! please correct me if I've read that wrong but that would suggest to leave the assets in the UK, use up taxable allowance and all ISA wrappers, pay the tax in the UK and then just declare the tax paid when filling out my Australian tax return? does that sound about right?

Thanks Andy, I don't wish to sell an investment just to avoid paying tax on it, obviously the point of the investment is to make profit.... I guess the real question is "should i sell the shares, convert to cash, move to Australia and reinvest" so I can pay tax here on the profit and not in the UK and here... Interesting you say as a non-resident I wouldn't need to pay CGT, this obviously buys me some time to decide. I have yet to employ an accountant but am looking at $40,000 of profit on the shares.

I have stocks and shares held in the UK including ISAs and I'm now in Sydney on a 417 transferring onto a 457 visa. What should I do with the UK shares? What is the most efficient thing to do tax-wise? Totally bemused?! Any ideas / advice welcome.