Do I have to pay tax in Australia for my Capital Gain on foreign shares?
I made capital gain on shares from the US market through Australian platform (Stake). I already supplied TFN and filled the US Tax Form (W-8BEN). I am an Australian resident for tax purposes currently, however I am not an Australian citizen but rather a temporary resident. I read from ATO website about ‘Foreign income exemption for temporary residents’ and it mentions that “If a capital gains tax event occurs while you are a temporary resident, you are not liable to capital gains tax (nor treated as having made a capital loss) unless the asset is 'taxable Australian property’.” Can someone shed some light on this please?