Is moving overseas a taxable event if I have bought and own crypto assets on an Australian exchange?

Question

Deb_ATO · Accepted Answer

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 (https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/foreign-residents-and-capital-gains-tax/how-changing-residency-affects-cgt#:~:text=Choosing%20to%20disregard%20capital%20gains%20and%20losses). Nope transferring from one digital wallet to another (https://www.ato.gov.au/other-languages/information-in-other-languages/investing/crypto-asset-investments-and-tax#:~:text=Transferring%20crypto%20assets%20from%20one%20digital%20wallet%20to%20another%20digital%20wallet%20is%20not%20considered%20as%20a%20disposal%20as%20long%20as%20you%20maintain%20ownership%20of%20it.) isn't a taxable event if you maintain ownership.

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