My wife and I are slowly setting up to going to Aus for the next 3 years in a few months. We'll both be working out there full time in a company that is supporting us to come over and 'try it' with a view to considering living there permanently. I'm just trying to figure out some of the nitty-gritty if we stay or decide to come back. If we do come back to the UK 3 years later and we will have amassed a good amount of savings - would we be liable to pay tax on it if we come back to the UK?
ie. If we put worked and saved $50,000 (max) / year for three years (post tax of course) and then moved the money back over with us would it be classed as an income, a capital gain or will we need to pay some form of tax on it?
Thanks for any help!
