bcworld

I have a stack of US listed shares from a company stock purchase plan from my former UK job.

Just looking to check that I understand the tax treatment correctly if I decide to sell them...so is this correct?

• I calculate the capital gain based on the AUD value using the exchange rate and price on the date of purchase versus the AUD value on the sale date?
• I've held the shares for longer than a year so there is a 50% CGT reduction?
• If I don't transfer the sale proceeds immediately I need to factor in any change in the value of the AUD proceeds of sale when I do transfer and include that as income (or a deduction) on my tax return?

Is it that simple? Anything I've missed?

Thanks!

ABCD......

That sounds about right...

ozzieeagle

Bit early for the Resurrection which is supposedly April the 20th ???

john in oz

Try again - contact or speak with Alan Collett on this site - he will clear this up for you. especially on the issue of what happens after the shares are sold.

ABCD......

Damn !!

Kiwipaul

The only error I can see is that it's not the date of purchase (assuming you were in the UK at the time) that is important but the date you became tax resident in Oz.

So you value all the shares on the date you became tax resident using the exchange rate on that day.

commonwealth

Are there no potential US tax consequences as well? tax treaty provisions?

Swerv-o

An ABCD resurrection is always welcome...


S