Technical service
CGT on Leaving Australia and Deemed Disposal
AIMS Australia Tax Accountants assists clients who cease Australian tax residency and need to review capital gains tax consequences, including deemed disposal, CGT event I1, taxable Australian property, non-taxable Australian property and asset records.
The decision to make or not make any relevant CGT choice should be considered carefully because it may affect the Australian tax treatment of a later disposal.
Submit an enquiry
Provide a concise summary of your situation through the Initial Tax Enquiry Form. Do not include TFNs, passport numbers, bank account details or other highly sensitive identifiers.
Compliance note.
CGT consequences may arise even where no asset has been sold. The treatment depends on the date Australian tax residency ceased, asset type, market value evidence, whether the asset is taxable Australian property and whether any relevant choice is made.
Before work begins
Formal advice, tax return preparation, amendment work, objection support or ruling assistance is provided only after scope, onboarding, engagement and payment arrangements have been completed.
Matters We Commonly Review
CGT event I1
Rental pro Deemed disposal on ceasing Australian tax residencyperty deductions
Taxable Australian property
Non-taxable Australian property
Shares, ETFs, managed funds and crypto assets
Australian investment property
Foreign assets
Asset values at residency cessation date
Choice to disregard certain deemed capital gains or losses
Future disposal consequences
Departure-year tax return disclosures
Submit a Preliminary Scoping Enquiry
Submit the relevant facts, tax years, residency position, property or asset details and any ATO correspondence so the matter can be scoped.
