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I'm not a financial expert.......
I'd go for selling the house - the UK market looks bad at the moment so perhaps best to get it on now.
I'm really not sure about the CGT though - as it would be proceeds of your primary residense it should not be taxed.But one you let it out it will be an income bearing asset and may attract CGT??
We sold an investment property in the UK earlier this year.Funds still sat in the UK awaiting a hopeful increase in the exchange rates.
As we have been residents here for over 5 years - no CGT to pay in the UK.Any gain on the property since our arrival is to be paid to the Oz taxman.
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