UK Shares

Old Jul 3rd 2008, 1:09 pm
  #1  
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Question 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
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Old Jul 3rd 2008, 2:03 pm
  #2  
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Default Re: UK Shares

Originally Posted by Iwannabethere View Post
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
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.
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Old Jul 3rd 2008, 6:28 pm
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Default Re: UK Shares

Originally Posted by spalen View Post
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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