I am an Australian citizen who moved to France a year ago. I do intend to return but am not sure exactly when. In 2017 I bought crypto assets and have held on to them since on an Australian exchange. Is moving overseas a taxable event? If I transfer my crypto to a hardware wallet, is that a taxable event?
Hi @EuroDoz
So, moving overseas isn't the event. It's your tax residency status changing that's the event. You'll be seen to have disposed of your assets at the time you stop being a tax resident. You can also choose to disregard any capital gains or losses. Check out all our further info on Choosing to disregard a capital gain or loss.
Nope transferring from one digital wallet to another isn't a taxable event if you maintain ownership.
Hi @EuroDoz
So, moving overseas isn't the event. It's your tax residency status changing that's the event. You'll be seen to have disposed of your assets at the time you stop being a tax resident. You can also choose to disregard any capital gains or losses. Check out all our further info on Choosing to disregard a capital gain or loss.
Nope transferring from one digital wallet to another isn't a taxable event if you maintain ownership.
Thank you for your reply!
Would you be able to tell me when exactly I would not be considered a tax resident? Basically, I'm concerned about losing the CGT discount for holding an asset for longer than 12 months, and have never intended on selling these assets until I returned to Australia.
Hi @EuroDoz,
We can't work that out for you as your tax residency can depend on a number of factors.
It's best to use our leaving Australia tool.
15 Apr 2026 · 8 min read time
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