Hello everyone and thank you in advance for any tips/advice.
I have lived over in the UK since 2012 - 2 years on a work visa and nearly 5 years in ancestry with plans to get British citizenship via ILR.
I have been married since 2014 and have one child. My husband is from the UK.
We are thinking of coming to live in Australia and starting this process within the next 12 months but of course lots to think about!!
Ive been trying to read about CGT but it’s giving me a headache and caused some rather heated debates at the kitchen table!!
My husband bought a flat in 2008 and I moved in with him in 2013.
From what I have read if we sell before we move to the UK -which we will need to do for financial reasons - we will be hit with CGT
i will be getting advice professionally but would appreciate any tips as the more I try to figure it out the more i get stressed!!
I guess what I’m asking for is an ‘idiots simple guide’ to what we’re looking at in terms of potential money to the Aust govt and the best way to start planning