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Are NZ citizens (special category visa 444) required to pay the capital gains tax on shares which were bought and sold while in australia?
As I understand, NZ citizens on the SCV 444 are considered 'temporary residents' who are not entiled to the 50% CGT discount for propery sales, but I am wanting to understand what the specific rules are for us NZers who are wanting to buy and/or sell shares aquired while in Australia?
You are correct that the 50% discount doesn't apply to foreign or temporary residents. There are no special rules except for if you are acquiring the shares through an employee share scheme.
You are correct that the 50% discount doesn't apply to foreign or temporary residents. There are no special rules except for if you are acquiring the shares through an employee share scheme.
