I'm an Australian citizen but declared non-resident for tax purpose in 2018. I currently work abroad in Japan. Before I left Australia, I hold a few stocks and since then they have *luckily* grew +200%.
I'm considering to sell and take my profit. My question for all is, am I subject to CGT when I'm a non-resident for tax purpose?
I was told by a friend that shares are not part of Taxable Australian Property (TAP) hence, do not need to pay taxes on profit? Is this true..? (Note: The stock that I currently hold does not have an indirect interest in Australian property)
Thank you very much. Any help will be greatly appreciated.
