Here os more. In simple terms, in IS, one pays 0%, 15% or 20% for ling term CGT, and at the same rate according to income for short term CGT.
But that is for a simple case of CG in the US, but I am interested in what and where one has to pay CGT:
In this example assume the following to focus on THE question on hand: 1- shares are held LT in australia and US, 2- the tax CGT rate in each country is 20%, and 3- AU$1.00=US$1.00.
Say one buys 10000 shares at $1 each in some ASX company, XYZ. and after keeping them for 2 years, the SP reaches $3 when the company delists from.ASX and lists in US. say after another 2 years the SP reaches $5 when one sells them and transferrs the mobey to Aus. All thos time the owner resided in Aus and is an Aus tax resident (& not even residing in US).
As a simple calculation, to which country and how much should the person pay CGT?
