UK dividends in Non Residency part of year and Australian tax implications

[Tomthepom1]

Hi all,

Just wondering if anyone has any experience on overseas divi and Australian taxation?

 

My issue is that I am fly to Melbourne on a PR 100 visa with my family on Thursday 28th May.

So I assume that as of the date of arrival, I will become an Australian Tax Resident.

 

for the tax year to June 15, will I be taxed in Australia on my full years overseas (uk) Dividends? Or just on the Divindends that I receive since be becoming a australian resident?

 

Thanks a lot for your help.

 

Tom

[Blade17]

You will only be taxed on any income (including overseas dividends) earned from the date of arrival in Australia. It would be advisable to make a note of the share price on that day too, as that will be used to value the shares for CGT purposes if you sell the shares down the track

[Tomthepom1]

Thanks Blade17.

That's great news! I'll get moving with issuing some Dividends.

Cheers.

Tom