hebs81

Thanks for all the advice, it's a bit of a mine field

Thanks for the advice, it's so hard to find someone to talk to who has experience across the two countries.

If we'd had the place longer we'd probably sell it too before moving, but it was always long term investment for capital gains so just a case of managing it from the IOM

7 minutes ago, Marisawright said:

The problem is that you will pay double the capital gains tax because you’re an overseas investor, so that’s going to wipe out a big chunk of your long term growth.

The investment property won't be sold for at least 10 years (all being well) and also the IOM does't have capital gains tax so hoping to avoid that one

So I've begun the process of moving back home (Isle of Man) after 11 years in Australia. I've mostly enjoyed my time here, traveled a fair bit, lived in different places but nothing quite feels like home, I even moved to the Snowy Mountains in NSW to get the snow!

I miss the closeness of everything in the UK, miss my family (I have none here), I miss greenery and deciduous trees (this is a weird one I know)

I'll hopefully have citizenship this year, been through the test just awaiting approval and ceremony, so I know I can come back if I want. My partner is Australian and is getting quite stressed about the whole thing, he's only ever moved once and that was only 500kms. I'm trying to reassure him that it will all work out but it's difficult.

We have just purchased an investment property here and as we won't be here we can't reap the benefits of depreciation on it, not unless we come back, this is stressing him big time.

Has anyone else got and intend on keeping property here when they move back, or have moved back? I know the tax system is different on the IOM but is there any way of claiming losses on an overseas property? It is fully mortgaged so it won't be giving us any income for quite some time, if ever, it's only for long term gain.

So so much to think about 

Its crazy how the timeframes have blown out, I keep thinking maybe I did something wrong and put some info in wrong, but like you said its a lottery as to when you get processed. 

Maybe its time to write to my local MP, John Barilaro, and ask if he can help.

54 minutes ago, rammygirl said:

I would wait.  Who knows what the rules will be in 10 years time......

 

Citizenship applications seem to be a bit of a lottery.  We applied in December 2017 and became citizens in August this year.

Yeah might have to delay the move.

When did you get your test date through? I'm hoping mine might come through in the next month or so, its so frustrating.

1 hour ago, boo-yaa said:

Just wait until you get your Citizenship - and return home after that, without any worries.
 

If it goes out past 17 months like some people are still waiting it might not be possible. :(

Firstly hi all! So I've applied for Citizenship in Nov 2017, currently its still sitting at the received status and have heard nothing.

In the time since then I have decided I want to move back to the UK, this probably won't be until mid next year so it may be fine, but I wondered if anyone else was in the same boat?

My partner is Australian, I will still own property here and currently have an RRV until 2023 so I have a while before things get tricky to get back in. Do you know if Australian partner and a house is strong enough ties to Australia to get another RRV should I wish to return in say 10 years? I may never return to Aus I don't know but I don't want to cut ties altogether.

Thanks