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sztracyh(Newbie)Newbie
17 Oct 2025

I am referring to question in income tax return: During the year did you have an interest - direct or indirect - in overseas assets worth AUD$50,000 or more?


I'm trading US stock markets and have US stocks as at 30th June and exceeding AU$50,000. Do I need to declare this as overseas assets for the above? I'm not a long term investor and the positions can be liquidated any time depending on my trading judgement.

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193 views
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Taxduck(Taxicorn)Taxicorn
17 Oct 2025

The question is

At any time during 2024–25, did you own or have an interest in assets located outside Australia that had a total value of AUS$50,000 or more?

myTax 2025 Other foreign income | Australian Taxation Office

So must be yes. It doesn't affect your tax return or tax payable.

See this community post

Is what I have detailed below classed as assets over $50K? | ATO Community

Liked by sztracyh and knaresbro

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Is overseas share in trading account classed as Assets over $50k? | ATO Community