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m9a8t7t6(Newbie)Newbie
8 Sept 2025

Hi,

While living in Australia, I purchased some ETF shares. I left Australia during the 2022–23 tax year but continued to hold these ETFs. I have recently sold them and am trying to understand the CGT implications.

My understanding is I could have elected to trigger a CGT event when I left Australia by treating the shares as if they were disposed of at their market value at that time (a “deemed disposal”). Unfortunately, I did not do this, so I understand that the shares are now treated as taxable Australian property.

My questions are:

  1. Can I still opt for “deemed disposal” route by amending my 2022–23 tax return to include this CGT event?
  2. If so, would I still need to declare any capital gains that arose after the date of that deemed disposal?

Thanks

415 views
2 replies
415 views
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All replies

DamienATO(Community Support)Community Support
11 Sept 2025

Hi @m9a8t7t6,

 

Yes, when you stop being an Australian tax resident, you would have likely triggered a CGT event. This means you're treated as if you disposed (sold) your assets at market value when you left.

 

Yes, you can amend your 2022-23 tax return to include this deemed disposal. Usually, you have 2 years from the date of your assessment notice to make changes. Otherwise, you'll need to lodge an objection.


If you amened your 2023 tax return and pay the CGT, you won't need to declare any gains made after that date in Australia (unless you return to Australia and then sell).

 

If you choose to disregard CGT, the ETFs will likely be treated as taxable Australian property. You'll need to report any gains from their sale in an Australian tax return.

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Amending tax return to include deemed disposal of ETFs after becoming non-resident | ATO Community