CGT Discount on Foreign Shares (UK)

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EthanATO · Answer

As you've held the asset for longer than 12 months you're entitled to the 50% CGT discount. If you are an Australian resident your overseas capital gains can be treated in the same way an Australian property would. For reference, this information is available on our website under Capital Gain on Overseas Assets (https://www.ato.gov.au/businesses-and-organisations/international-tax-for-business/australians-doing-business-overseas/capital-gains-on-overseas-assets). Hope this was helpful, let us know if you have any further questions.

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