CVN 3.23% 16.0¢ carnarvon energy limited

Boz this is a bit late. But what everyone has said on the CGT...

  1. 125 Posts.
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    Boz this is a bit late. But what everyone has said on the CGT issue is pretty accurate.

    When an Aus resident becomes a non-resident a CGT event arises and you are deemed to have sold them. Similarly, when you return to Aus you also have a CGT event being a disposal as a non resident, then you acquire them as a resident.

    There is likely also NZ tax implications as well.

    My main question is: when you moved to NZ did you declare yourself as a non resident to the ATO? I'm also guessing you didn't recognise a CGT event when you moved in the first place.

    Residency status is also a complex tax area now, so depending on your circumstances you may still be a resident of Aus for tax purposes.

    Also, any capital gains with an Australian source earned by a non resident do not get the 50% reduction.
 
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