In Java, you can use the Collection interface's removeAll method.

// Create a couple ArrayList objects and populate them
// with some delicious fruits.
Collection firstList = new ArrayList() {{
    add("apple");
    add("orange");
}};

Collection secondList = new ArrayList() {{
    add("apple");
    add("orange");
    add("banana");
    add("strawberry");
}};

// Show the "before" lists
System.out.println("First List: " + firstList);
System.out.println("Second List: " + secondList);

// Remove all elements in firstList from secondList
secondList.removeAll(firstList);

// Show the "after" list
System.out.println("Result: " + secondList);

The above code will produce the following output:

First List: [apple, orange]
Second List: [apple, orange, banana, strawberry]
Result: [banana, strawberry]

Convert Lists to Collection and use removeAll

    Collection<String> listOne = new ArrayList(Arrays.asList("a","b", "c", "d", "e", "f", "g"));
    Collection<String> listTwo = new ArrayList(Arrays.asList("a","b",  "d", "e", "f", "gg", "h"));


    List<String> sourceList = new ArrayList<String>(listOne);
    List<String> destinationList = new ArrayList<String>(listTwo);


    sourceList.removeAll( listTwo );
    destinationList.removeAll( listOne );



    System.out.println( sourceList );
    System.out.println( destinationList );

Output:

[c, g]
[gg, h]

[EDIT]

other way (more clear)

  Collection<String> list = new ArrayList(Arrays.asList("a","b", "c", "d", "e", "f", "g"));

    List<String> sourceList = new ArrayList<String>(list);
    List<String> destinationList = new ArrayList<String>(list);

    list.add("boo");
    list.remove("b");

    sourceList.removeAll( list );
    list.removeAll( destinationList );


    System.out.println( sourceList );
    System.out.println( list );

Output:

[b]
[boo]

Implement equals and hashCode in your custom object and you can use the same approach as you did with Strings.