This is my debut post and I'm new on the trading/investing scene.
I plan to sell a share which will return around a $20 000 profit. Obviously I'd like to reduce the tax liable to be paid on this amount.
I live overseas and have no taxable income. Yet I'm also currently an Australian resident for taxation/election etc. purposes.
I read from another post that being a non-resident means that no tax is paid on investment returns. Could anyone confirm or deny this?
Alternatively, are any other strategies recommended as a means of reducing the tax?