purplealster Posted October 22, 2012 Share Posted October 22, 2012 When selling a property abroad - Can anyone let me know if CGT is payable on the gain since A) The date you first moved to OZ - on a temporary visa e.g the 457 or B) The date that you gained PR Many Thanks, Purplealster Link to comment Share on other sites More sharing options...
Chortlepuss Posted October 22, 2012 Share Posted October 22, 2012 You become eligible to pay tax on UK property from when you become resident in Oz (date of PR) - I'd guess the capital gain rules are the same, but best to check with an accountant - or even ask the ATO Link to comment Share on other sites More sharing options...
Alan Collett Posted October 22, 2012 Share Posted October 22, 2012 When on a temporary residency visa a capital gain arising on the disposal of an investment located outside Australia is not taxable in Australia. When you are granted permanent residence capital gains on investments outside Australia are taxable in Australia - but only with reference to the value of the asset on the day you become a permanent visaholder, translated into A$'s using the exchange rate at that same date. Best regards. Link to comment Share on other sites More sharing options...
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