Buying shares offshore: Tax issues you need to know

We ask experts the key tax questions when it comes to investing in overseas share markets.

Summary: Before investing offshore, it makes sense to understand the tax consequences. Australia has treaties with several countries to avoid double taxation, and when completing an Australian tax return there is no difference in the treatment of capital gains on local and foreign shares. Investors should be mindful of strong foreign currency moves, which may create a taxable gain in Australian dollars, even if the stocks have not impressed.

Key take-out: There’s a link below to the form investors must complete to avoid double taxation on dividends from US-listed securities.

Key beneficiaries: General investors. Category: International investing, tax strategies.


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