Do I need to pay tax for stocks I had in a different country as a tempory resident

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(Newbie)Newbie

5 May 2024

Hi all,

I relocated to Australia under a temporary resident visa subclass 482 last year. As part of my financial portfolio, I possess vested stocks from a prior employer based in another country.

My intention is to liquidate these stocks and transfer the proceeds to Australia. Consequently, I am inquiring about the tax implications associated with this transaction. Specifically, I am interested in understanding whether I am liable for income tax on the sale of these stocks, and if so, whether it falls under the purview of capital gains taxation.

Thank You.

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