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CGT on Foreign Shares

Discussion in 'Introductions' started by pjandliz, 7th Oct, 2011.

  1. pjandliz

    pjandliz New Member

    7th Oct, 2011
    I have some foreign share options I need to exercise and am trying to find some info on how gains on these are treated for tax purposes.

    I'll make a gain on the exercise/sale of them so am not sure if they get treated as a Capital Gain (CG) or whether they become an ordinary Income item.

    I have some carry forward Capital Losses I'd like to offset against the profit, so I'm hoping the options get treated as a CG.

    Could anyone clarify for me please? I can't seem to find anything relevant on the ATO site.