Thanks for sharing the information.
So if I sell my main house in my home country after I have taken up residency in Australia, I would be taxed. Question, how's the calculation for the tax? They would use the price difference of when I sell the house and when I purchase the house (probably 20 years ago)? Or... ?
Assuming I sell the house before I take up residency in Australia, I am able to bring in the fund from house sale to Australia within 4 years of residency, and there would be no tax. However, if I bring in the money 4 years after, I am liable to pay tax for the gain in exchange rates only, but not on the gain from house sale?
Any advice would be appreciated. Thanks.
