8 October 201912:03 AM - edited 8 October 201912:04 AM
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?