Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
dcolton(Newbie)Newbie
23 Nov 2023

Hello,


I am from the UK but lived and worked in Aus between 2017-2021, gaining permanent residency in the process. I invested my savings into ASX ETF funds which I still hold. These pay out some dividends which are paid into my Australian bank account. I do not plan on selling them in the near future. All being well I will return to Aus next year.


Q1) Am I able to hold on to these shares while living in the UK?

Q2) Do I pay tax on these dividends in the UK?

Q3) What would happen if I did sell the shares in terms of tax?


Thanks for any help , I am not financially literate!

1,924 views
1 replies
1,924 views
1 replies

Most helpful response

Most helpful reply

Deb_ATO(Community Support)Community Support
27 Nov 2023

HI @dcolton


Ok let’s break this down.


Yes, you can. But you must invest through an intermediary. They’ll receive payments from the managed investment trust and will make payments to you.

If you’re a non-resident who gets income in Australia only from the dividends.

Provided the correct amount of tax has been withheld and paid to the ATO.

You’ll have no further tax liability. 


Also, what you need to consider, the moment you stop being a resident for tax purposes, is when it's deemed you have disposed of any Capital Gain Tax assets.


Check out this calculator to help with any Capital Gain that may apply. 

All replies

Most helpful reply

Deb_ATO(Community Support)Community Support
27 Nov 2023

HI @dcolton


Ok let’s break this down.


Yes, you can. But you must invest through an intermediary. They’ll receive payments from the managed investment trust and will make payments to you.

If you’re a non-resident who gets income in Australia only from the dividends.

Provided the correct amount of tax has been withheld and paid to the ATO.

You’ll have no further tax liability. 


Also, what you need to consider, the moment you stop being a resident for tax purposes, is when it's deemed you have disposed of any Capital Gain Tax assets.


Check out this calculator to help with any Capital Gain that may apply. 

Featured articles

How to work out your tax residency

15 Apr 2026 · 8 min read time

Crypto and your taxes

4 Dec 2023 · 9 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1272 likes

  2. Bruce4Tax

    (Taxicorn)

    1115 likes

  3. YellowPotato

    (Taxicorn)

    338 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3395contributions

  2. Taxduck

    (Taxicorn)

    2812contributions

  3. YellowPotato

    (Taxicorn)

    883contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Have ASX shares but have moved to UK. What do I do? | ATO Community