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mrsozb

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About mrsozb

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  1. mrsozb

    CGT UK to Australia

    Yes. Looking to find an accountant who knows both Aus and UK requirements. Not quite sure where to start. Any tips to find someone suitable? Many thanks
  2. mrsozb

    CGT UK to Australia

    I’m Australian by birth and will also have a UK passport by the time we move. My husband is British and will have a partner visa for Australia. So I guess like you said it will depend on residency for tax purposes. Thsbk you. It’s all just a bit confusing so working through it all bit by bit.
  3. mrsozb

    CGT UK to Australia

    Thank you. For some reason I thought that we would be taxed (CGT) on the sale of our flat when we transferred that money to Australia. So any monies made from sale of UK flat would go onto our first Australian tax return?
  4. mrsozb

    CGT UK to Australia

    Thank you everyone. Yes @Ken apologies for the typo. We are moving FROM Uk. I thought the private resident relief had all changed recently in Australian Parliament? Has it not changed regarding residency status?
  5. mrsozb

    CGT UK to Australia

    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 Thank you!
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