CGT on UK Share Sale?
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Are UK shares classed by the ATO under the Foreign Investment Fund regulations, and if so, by selling them before June 30th will I avoid Australian CGT? If I don't avoid CGT, is it calcualted on the value of the shares when I entered the country or on the price I paid for them?
I entered Australia as a temporary resident in September 2004 and became tax resident at this time.
Thanks.
I entered Australia as a temporary resident in September 2004 and became tax resident at this time.
Thanks.
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