Shares CGT event transferring between brokers

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(Newbie)Newbie

1 July 2022

HI there,

Would like to understand whether movement of shares specifically by transfer between broker (Commsec to NabTrade or Stake or Super Hero etc) accounts under the same name triggers a CGT event if not done via 'cost basis'.

Example:

Brought 1000 shares at Commsec at $10 per share (value $10,000) then transferred them to NabTrade when same shares are $15 per share (value $15,000). Does the $5,000 increase in value at the time of transfer between broker accounts trigger a CGT event?

Thanks

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