Reporting Overseas Capital Gain for Australian Residents in ITR 2024
Modified on: Mon, 28 Jul, 2025 at 2:57 PM
Australian residents for tax purposes must report capital gains on overseas assets in their Australian tax return. The appropriate place to report overseas capital gains in the 2024 Individual Tax Return (ITR) is via Item 18 – Capital Gains Schedule in the supplementary section of the return.
ATO Link: https://www.ato.gov.au/individuals-and-families/your-tax-return/instructions-to-complete-your-tax-return/paper-tax-return-instructions/2024/supplementary-tax-return/income-questions-13-24/20-foreign-source-income-and-foreign-assets-or-property-2024
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