ATO Community

CGT on Bullion Foreign Residents

This post is archived and may not be up-to-date.

Newbie

Views 873

Replies 1

I’m not an Australian citizen and I’m a foreign resident (non resident) I live in Europe.
If I buy investment grade gold as an individual and I keep it stored in a depositary account in Australia with an Australian custodian. Will I be liable to pay Capital Gains Tax in Australia when I sell the gold at a higher price in te future?
Is bullion located in Australia under the custody of an Australian entity but own by a non resident foreigner considered Australian property for CGT purposes?
1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Certified Response

Community Moderator

Replies 0

Hi @AustralianTaxes

 

Welcome to our Community.

 

We have answered some similar questions in a couple of other threads. You can check them out here:

 

Hope this helps.

 

Thanks,

 

ChrisR

1 REPLY 1

Most helpful response

ATO Certified Response

Community Moderator

Replies 0

Hi @AustralianTaxes

 

Welcome to our Community.

 

We have answered some similar questions in a couple of other threads. You can check them out here:

 

Hope this helps.

 

Thanks,

 

ChrisR