I'm becoming a non resident next financial year and retire to Thailand i will buy VDGR as a non resident. How will my taxes work on dividends, will I pay taxes only on the Australian portion of shares within the ETF that produce income in Australia or the full amount of dividends payed.also will I be taxe free on CGT as I'm buying as a non resident? Some help would be most appreciated
Hi @Lookn55555,
It's when you change from being an Australian resident to non-resident for tax purposes that a CGT event will happen. You'll need to work out the market value of your shares on this date. This'll help you calculate the cost base because we'll look at it as though you disposed of your shares when your residency status changes
Hi @Lookn55555,
It's when you change from being an Australian resident to non-resident for tax purposes that a CGT event will happen. You'll need to work out the market value of your shares on this date. This'll help you calculate the cost base because we'll look at it as though you disposed of your shares when your residency status changes
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