Hi all
I am sure this is answered elsewhere but I couldn't find a thread with the same scenario
Been living in Australia for 3.5 years. Me PR and husband Aus citizen. During that time we have rented out a UK property, which we have declared on Aus tax returns and also submitted Uk returns
We are selling the house. The price we are selling it for, is only around GBP 10k more than we initially paid for it, so if I am understanding the inland revenue capital gains calculator correctly, we will have no CGT to pay in the UK.
We have about GBP 65k equity which we will move to Aus as a deposit for a property here.
Are there any AUS tax implications to consider?