Australian Tax on Capital Gains made in Singapore

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(Newbie)Newbie

11 July 2024

Hi,

I am an Australian PR and Tax Resident living and working in Australia. While I have started investing through the ASX, I am also a Singapore Citizen and would like to start making investments through the Singapore Exchange with funds I have in Singapore.

From my understanding, Singapore is exempt from CGT. How would I calculate the CGT I would have to pay in Australia for these gains when I declare them as part of my worldwide income?

Many thanks in advance for any assistance/guidance.

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