N‐Allyltetrahydro‐β‐carbolines bearing a pendant allene undergo unprecedented gold(I)‐catalyzed cyclizations proceeding with an allyl migration from the nitrogen to the allene moiety. The initial product of the gold‐catalyzed cyclization evolves either via isomerization or Cope rearrangement, leading to different scaffolds. Density function theory (DFT) calculations established that the allyl migration occurs in an asynchronous suprafacial manner.