Quote:
Originally Posted by oldgit
HELLO ALL
We still have one house to sell here in the UK and have decided if this house has not sold by September we were going to still go to OZ then as planned and leave someone in charge of the sale of the house (we would not be renting it out). If the house was to sell six months after moving to OZ and we then transferred the money from the sale of the house to our OZ bank account would there be any tax implications for us to consider?
I look forward to any replies
Cheers the oldgit |
If the house you are selling is not your principle private residence (ie an investment not your home) then you will need to put the capital gain on your Australian or UK tax return depending on where you are a resident when you sell it. The timing of which is therefore important as the tax rates/bandings in the UK & Oz are different.