I am Aus citizen who worked in the USA and moved back to Australia in the last few months. I have shares in the US and wanted to know what happens when I sell them and have to pay capital gains tax? Would I have to pay tax in US or Australia? What is the tax?
Thanks
If you acquired the shares as a non-tax resident of Australia then the 'deemed' acquisition date for capital gains tax (CGT) if you dispose of them as a resident will be the market value of the shares as at the date you became a tax resident. Link explains
How changing residency affects CGT | Australian Taxation Office
Whether you pay tax in US I couldn't say. Not an Australian tax question.
Any gain on sale of the shares is added to other taxable income and taxed at normal tax rates.
If you acquired the shares as a non-tax resident of Australia then the 'deemed' acquisition date for capital gains tax (CGT) if you dispose of them as a resident will be the market value of the shares as at the date you became a tax resident. Link explains
How changing residency affects CGT | Australian Taxation Office
Whether you pay tax in US I couldn't say. Not an Australian tax question.
Any gain on sale of the shares is added to other taxable income and taxed at normal tax rates.
15 Apr 2026 · 8 min read time
140 views
1 replies