British Expats

British Expats (https://britishexpats.com/forum/)
-   Australia (https://britishexpats.com/forum/australia-54/)
-   -   UK Shares (https://britishexpats.com/forum/australia-54/uk-shares-546633/)

Iwannabethere Jul 3rd 2008 1:09 pm
UK Shares
 
Are we allowed to keep our UK shares when we move to Oz? What happens should we need to sell them etc?

Any advice welcome :thumbsup:

spalen Jul 3rd 2008 2:03 pm
Re: UK Shares
 
Originally Posted by Iwannabethere (Post 6530213)
Are we allowed to keep our UK shares when we move to Oz? What happens should we need to sell them etc?

Any advice welcome :thumbsup:
you can keep them

when you move to australia any assets you have are re-assessed at the value when you enter the country - so for tax purposes you only pay tax on the gain from the price when you enter australia vs the price you sell them for ultimately.

Iwannabethere Jul 3rd 2008 6:28 pm
Re: UK Shares
 
Originally Posted by spalen (Post 6530403)
you can keep them

when you move to australia any assets you have are re-assessed at the value when you enter the country - so for tax purposes you only pay tax on the gain from the price when you enter australia vs the price you sell them for ultimately.
Fab. Just what I wanted to hear! Thanks.


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