dmagkn

Hi, just wondered if anyone knew whether we can claim tax on a potential loss on the sale of our house in the UK ? When we moved here a couple of years back we had a sale going through which unfortunately fell through due to problems further down the chain. We have now eventually managed to sell the property but at a lower price. For example: price at time of moving 165k, price at time of sale 150k, loss 15k. Are we able to claim the tax on the loss ? Thanks

I'd go with the others. I personally find the beaches on the Sunshine Coast a lot nicer than the Gold Coast and a lot quieter and much less commercial. If you are looking for a good area which is fairly close to the city (25km) but also has easy access to the Sunshine Coast (@45mins) and airport (20mins) take a look at North Lakes / Mango Hill. There is also a trainline from Petrie being built which will be finished in 2016 so possibly a good time to buy !

Thanks for all the replies - based on the original sale price and what we'd get now I guess we should get a good payback from the tax office (lol) !

Hi, does anyone know how the UK tax works in regard to UK properties ? When we moved over to Aus we thought we had a guaranteed house sale however after a few months it all fell through and we ended up having to rent the house. Does anyone know if there a length of time before the house becomes seen as an investment property rather than our home and therefore liable to Capital Gains tax ?