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CGT and income tax on divs on a 457 Visa - Australia
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Firsttimebuyer101_2
Posts: 20 Forumite
in Cutting tax
Hello
I recently moved to Australia (NSW). I own several investments (mostly shares and invesment trust shares, bonds etc) that I have purchased both before and after arriving in Australia on a 457 visa.
All of these assets have been purchased in GBP using proceeds from my UK bank account, whether before or after my arrival.
Looking at the legislation it appears I do not have to pay either CGT or income tax in either the UK or Australia on any of these investments held in GBP, given I am a 'temporary resident' in Australia. Anyone have any expertise in this area that can confirm/clarify for me?
Many thanks and all the best.
I recently moved to Australia (NSW). I own several investments (mostly shares and invesment trust shares, bonds etc) that I have purchased both before and after arriving in Australia on a 457 visa.
All of these assets have been purchased in GBP using proceeds from my UK bank account, whether before or after my arrival.
Looking at the legislation it appears I do not have to pay either CGT or income tax in either the UK or Australia on any of these investments held in GBP, given I am a 'temporary resident' in Australia. Anyone have any expertise in this area that can confirm/clarify for me?
Many thanks and all the best.
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