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Selling international shares (from Australia)


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Hi, newby Jason here! in the process of considering offloading Facebook shares.

I am an Australian resident and of course will have tax obligations in Australia when declaring  the sale on them. Does IG 'act as' or 'have a broker' whereby they can assess and provide all pertinent and relevant info that Australian Tax office will require. (My understanding is that because Facebook has 'built in' dividends that this complicates things somewhat!)

If not, does that simply mean I need to find my own broker in Australia to collate this info?

Any assistance in this matter, much appreciated.

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  • 9 months later...

James, thanks for the info back in August of last year. Can you confirm or not that it is mandatory for me to gain a share broker to finalise the sale of our shares?

OR

Can I simply use the statement that IG will provide in settling the tax side of things?

Jason

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As a share broker we execute your order and provide you with the relevant trading statement and end of year statement. When it comes to tax this is down to the client based on their personal circumstance. 

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