Hello
I am about to move to the UK and want to understand taxation of shares I hold currently.
I preferably would prefer not to use deemed disposal since this seems to put all the risk on me.
I'd like to understand if I pay any tax in Australia if I sell these shares as a UK tax resident?
If I pay cgt in the UK, is this an offset on my Aus tax return or do I just not pay tax in Aus on this event at all?
Hey @kcross,
Your residency status depends on whether or not you pay CGT on your Australian shares. If you're a foreign resident, then you are only liable to pay CGT on taxable Australian property such as real estate. This also includes any assets that you used in carrying on a business.
Changing your residency status may also impact whether you'll pay CGT when you dispose of the shares. Generally, when you stop being an Australian resident you are taken to have disposed of the asset for their market value at this time. This does not include taxable Australian property and is classed as a 'deemed disposal'.
Hey @kcross,
Your residency status depends on whether or not you pay CGT on your Australian shares. If you're a foreign resident, then you are only liable to pay CGT on taxable Australian property such as real estate. This also includes any assets that you used in carrying on a business.
Changing your residency status may also impact whether you'll pay CGT when you dispose of the shares. Generally, when you stop being an Australian resident you are taken to have disposed of the asset for their market value at this time. This does not include taxable Australian property and is classed as a 'deemed disposal'.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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