Inherited shares and the CGT exemption for foreign residents.
01 May 08 |
Issue: May 2008
Are you looking at inheriting your parents' healthy share portfolio? In addition, are you (or one of your siblings) living overseas on a more than temporary basis so that you (or they) would be classified as a foreign resident for Australian tax purposes? If so, there is a possible way of dealing with the shares so that there won't be any Australian CGT liability on any subsequent sale.
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