Martyc

Legend!! Thank you

Cheers. Yeah I read that too, but then read another thread that said something different... Now I'm confused..... Help!

Good afternoon Please could you confirm if I would I need to pay tax on any profit made as a result of selling my UK property? I bought the property around 7-8 years ago for 120,000 GBP, I lived in it for 2-3years (prime residency) and have rented it out since 2009 when I moved to Australia. ( i'm now a permanent resident in Australia, applying for citizenship in May 2014) I've just put my property on the market (Feb 14) for 150,000 GBP. will probably accept 145,000 (sale) - mortgage till owed = profit of 34,000 GBP (fees not included) Regards Martyn