Show download pdf controls
  • Becoming a resident


    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you become a resident you are taken to have acquired certain assets – specifically, those that do not have a necessary connection with Australia – at the time you become a resident. You are taken to have acquired them for their market value at that time.

    The general rules apply to any assets that had the necessary connection with Australia (for example, land in Australia) when you became a resident.

    Last modified: 04 Mar 2016QC 27527