Rawkus

Thanks. Did you use a movecube?

Did you use a movecube?

Hi I'm looking into moving back to the UK so I contacted seven seas about a move cube. I had no idea I needed to do a Hmrc transfer resident application to avoid taxes in UK. This seems quite in depth and I'm concerned of the time it will take. I can't list the items that I will be sending yet but I need to do it soon as your advised to allow up to six weeks. Can anyone share their experiences please?

Hi Gharry We sold the property and we did the Capital gains tax return for HMRC within the 60 day time frame. We will be including the Capital gains in our Aus returns when we get round to doing them. If you sell it when resident in Australia you need to do returns for both UK and AUS. You should have it valued when you move to Aus because the Capital gain is calculated from the value of the property at the time you became resident in Aus and not the amount you paid for it. Good luck with the sale. Ours fell through but sold second time around.

Thanks for the links Marisa, So I can get the UK and Aus pension if in Australia, the UK state pension wouldn't prevent me from qualifying for the Aus aged pension? If taxed on superannuation that is sent over to the UK, is it taxed like any other income where you have an allowance of what you can earn before taxed?

Thanks for the advice. The main reason I'm not sure where I will end up is because of retirement age. I thought it would be easier there because of private pensions and the state pension that I'm still contributing to. If I could stay here I'd like to.. but have no idea what the best option is to build a retirement fund. Maybe my super account isn't very good but they all seem to just take fees and the money isn't growing.

I'm 42 years old and looking into paying more into my super but before I commit to putting more money in: As I don't know where I will be at retirement age, can anyone advise me on if I move back to UK before I can take out my Super, how you avoid UK tax? If I was in UK I would set up a private pension which has tax incentives. Here, I'm not aware of anything like that so if I'm paying into super I want to know if I will be taxed in UK. I want my money to grow as it would in a pension fund. Any advice would be much appreciated. Thanks David

Hi We have a property in UK we are hoping to sell this year.it has been rented out up until now. This is our only property. We live in a rental in Australia and do include the figures in our tax returns for UK and Aus. I have been looking at the UK tax rules and we shouldn't owe any CGT there based on my expenses I will be claiming and the tax allowance we can both claim. I'm not sure about here in Australia though, When I declare the sale in the tax return here . I cannot find what I can claim in expenses here, is it the same - kitchen, bathroom upgrades etc? Also, we have lived in the property in the past. Can I claim any private residential relief for a period like you can in the UK? Any help would be much appreciated. Thanks David

Thanks everyone.

Can anyone recommend the best service to use for posting Xmas pressies to UK? Australia post is expensive. Maybe that's just the way it is or are there cheaper ways / companies?

Yes, I will declare it if I sell it and it is being rented out now and I do declare the rental income on my Australian tax return. I also do a UK tax return for this too. Its more advice on actually selling it from here that I'm looking for just now.

It does look a bit complex. We used to live in it but has been rented out for a while now.

I've looked at CGT and see its unlikely il pay any in UK as I paid 95k for the property and would be doing well to get 120k. As it is owned by two of us our tax free allowance would cover it. If I declared it in Australia I'd likely owe tax to the ATO though.

Hi Is there anyone here who has experience in selling their UK home while living in Australia? It the opportunity comes, I'd like to sell but everything would need to be done from Australia. My brother lives close to the property so can decorate etc and meet the real estate agent at the property but after that would like them to do viewings etc. I know this would cost more but don't have many options when I'm living here. Can't ask too many favours from people. Just wondering if anyone can share their experiences and give advice. Thanks

Thanks, I didn't know that. Thought there would be one way of doing it. There's so many third parties.