Hope you can help me with this, a little bit complicated.
I am an Australian resident.
I sold a property in the UK, then the CGT is already computed using UK laws and has been populated and lodged in the UK return. Should I recompute the CGT using AU CGT laws, or can I use the figures from the UK return?
Thanks in advance!
Hi @Tobito03
If you're a resident for tax purposes you'll need to declare the CGT event on your tax return using our CGT laws. Since you've paid tax overseas you maybe eligible for a foreign income tax offset (FITO).
See our website about the FITO rules.
Ari
Hi @Tobito03
If you're a resident for tax purposes you'll need to declare the CGT event on your tax return using our CGT laws. Since you've paid tax overseas you maybe eligible for a foreign income tax offset (FITO).
See our website about the FITO rules.
Ari
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
573 views
1 replies