I am a Permanent Resident of Australia for tax purposes. I received some dividend from some US stocks I am holding through my brokerage account (Interactive Brokers/IBKR). The brokerage has applied a 15% withholding tax. I need some advice on how to calculate my CGT.
Actual dividend received: US$300
Dividend cash amount received through brokerage account: US$255
How do I calculate my CGT now (taking into account 15% was already withheld)?
Unless you've neglected to mention that you've sold some or all of these stocks, @tanyalai , capital gains tax is irrelevant. You did not have a CGT event.
Instead, you've received a dividend of USD300 which you'll include as foreign income, converted to AUD using the RBA's exchange rate for the day closest to that upon which the dividend was paid. You will also include the 15 per cent tax, USD45 converted in the same way, as a foreign tax credit.
Unless you've neglected to mention that you've sold some or all of these stocks, @tanyalai , capital gains tax is irrelevant. You did not have a CGT event.
Instead, you've received a dividend of USD300 which you'll include as foreign income, converted to AUD using the RBA's exchange rate for the day closest to that upon which the dividend was paid. You will also include the 15 per cent tax, USD45 converted in the same way, as a foreign tax credit.
Thanks @knaresbro
I just got the dividend. Still holding the stocks.
15 Apr 2026 · 8 min read time
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