jilly59
22-04-2014, 04:49 PM
Hi
I'm heading home to New Zealand in a couple of months after a few years in Australia and was wondering if anyone else on the forum had bought Aussie shares while living in Australia and what they did as far as paying Australian CGT (on the shares).
If I understand the ATO (Aussie tax office) rules concerning CGT correctly, I have the option of paying CGT on all my shares before I leave Australia (which I don't want to do!) or pay the CGT (to the ATO) when I do actually sell the shares while living back in NZ.
Anyone been in the same situation - selling their shares after returning to NZ and then the ATO chases you up for the CGT owing or is it up to you to contact the ATO?
Or do nothing? ;).
Thanks
Jill
I'm heading home to New Zealand in a couple of months after a few years in Australia and was wondering if anyone else on the forum had bought Aussie shares while living in Australia and what they did as far as paying Australian CGT (on the shares).
If I understand the ATO (Aussie tax office) rules concerning CGT correctly, I have the option of paying CGT on all my shares before I leave Australia (which I don't want to do!) or pay the CGT (to the ATO) when I do actually sell the shares while living back in NZ.
Anyone been in the same situation - selling their shares after returning to NZ and then the ATO chases you up for the CGT owing or is it up to you to contact the ATO?
Or do nothing? ;).
Thanks
Jill