Alrighty, saw this thread and figured I might as well ask a question or two given it's all about CGT and shares.
I don't live in Australia at the moment, and it looks like I'm classified as a non-resident (but am a citizen). I bought and own shares while in the country I reside in, however I have not sold or made any profit on them.
The question is; given my circumstances, it's my understanding that if I ended up making gains on my shares after a sale, I'd be taxed within the non-residency bracket. However, if I have held them for more than a year, am I entitled to a CGT discount? Or, if I sell them after I return to Australia to live, am I entitled?
I actually contacted the ATO about this, and the dude I got didn't really have an idea. I've looked it up and really can't find a concrete answer, or maybe I'm still too green about it all and haven't got my head around it. Any insight would be appreciated.
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