Interests/dividends income tax during tax residency change

Question

 · Accepted Answer

Taxduck · Answer

Dividends are declared when they are paid to you. See below Owning shares | Australian Taxation Office (https://www.ato.gov.au/individuals-and-families/investments-and-assets/investing-in-shares/owning-shares) Similarly with interest, when it is credited to you is when it is declared. You don't declare Australian sourced interest or dividends received for the period you are a foreign resident provided tax has been withheld by the Australian financial institution or company. See below Foreign and temporary resident income | Australian Taxation Office (https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/foreign-and-worldwide-income/foreign-and-temporary-resident-income)

Explore tax & super topicsExplore tax & super topics

About usAbout us