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Posted Thu, 05 Dec 2024 09:44:47 GMT by chris Hayes
Hi, I'm a UK and Australian citizen but live and work in the UK. I recently sold some shares from an Australian account, the gain is around 6000 pounds. I purchased shares 4 years + ago when living and working in Australia. I don't have any other income from Australia. Where do I pay the tax the UK or Australia?
Posted Tue, 10 Dec 2024 10:25:53 GMT by HMRC Admin 19 Response
Hi,
You can see information here:
DT2650PP - Double Taxation Relief Manual: Guidance by country: Australia: Contents
Article 13 covers the alienation of property, in this case, shares. If you have to pay Capital Gains Tax in Australia on the share disposal, you still have to declare the disposal in a Self Assessment tax return and you can claim a foreign tax credit of up to 100% of the foreign tax paid.
Thank you.
Posted Fri, 13 Dec 2024 13:54:00 GMT by chris Hayes
Thanks - I get the below error when trying to use your link. Can you resend a valid link? We're sorry, but cXXXX@hotmail.com can't be found in the hmrc.sharepoint.com directory. Please try again later, while we try to automatically fix this for you.
Posted Mon, 16 Dec 2024 16:33:30 GMT by HMRC Admin 19 Response
Hi,
The link should now be working.
Thank you.

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