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sbes(I'm new)I'm new
6 July 2023

I am looking at having a stint in the UK under their Youth Mobility Visa scheme from early 2024 onwards (1-2 years). I am an Australian citizen/resident but will be looking for full time employment in the UK.


  1. How does this impact income earnt on investments held in Australia (distributions, dividends, rental income)
  2. How are realised capital gains (or losses) treated while overseas?
  3. If I sell a rental property while overseas, what tax implications should I consider? It has always been a rental and owned for longer than 1 year.
  4. Are there any clear advantages/disadvantages in selling the property while in Aus v the UK

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591 views
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Most helpful reply

AriATO(Community Support)Community Support
10 July 2023

Hi @sbes


This will depend on your tax residency. If you'll no longer be an Australian tax resident, you'll be taxed as a foreign resident for your rental income.


A final withholding tax may apply to your investments. The entities you have investments with will take care of that tax. When it comes to CGT and changing residency you'll be taken to no longer own your investments that are not taxable Australian property. This will be for investments like shares, not your rental property. You'll use market value at the time your residency changed, to calculate CGT for the investments you're deemed to no longer own.


You'll tell us about the sale of your rental property when it actually happens. Like your rental income you'll be taxed as a foreign resident on your gains.


We can't tell you what the advantages/disadvantages would be to sell here or whilst in the UK. You can get advice from a registered tax professional to see what you'll be better off doing.

All replies

Most helpful reply

AriATO(Community Support)Community Support
10 July 2023

Hi @sbes


This will depend on your tax residency. If you'll no longer be an Australian tax resident, you'll be taxed as a foreign resident for your rental income.


A final withholding tax may apply to your investments. The entities you have investments with will take care of that tax. When it comes to CGT and changing residency you'll be taken to no longer own your investments that are not taxable Australian property. This will be for investments like shares, not your rental property. You'll use market value at the time your residency changed, to calculate CGT for the investments you're deemed to no longer own.


You'll tell us about the sale of your rental property when it actually happens. Like your rental income you'll be taxed as a foreign resident on your gains.


We can't tell you what the advantages/disadvantages would be to sell here or whilst in the UK. You can get advice from a registered tax professional to see what you'll be better off doing.

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Hi there, if I sell an australian property (rental) while working/lving in the UK how is it taxed? | ATO Community