Quote:
Originally Posted by Pinhead
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.
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Hi, it's fully taxable in the UK. Australia will also seek to tax the growth from
PR being granted to sale and will take a UK foreign tax credit for this part. However, there is likely to be top-up Aust tax due to the tax rate differential.