RSL

Thanks Alan, I did find some additional information that suggested I would only pay tax on capital gains made after April 2015. Only having 30 days after the sale to file the special CGT return is also of upmost importance, so I thank you for that information. You say: 'If you are claiming the 50% CGT discount in Australia you can only claim 50% of the UK CGT as a Foreign Income Tax Offset in Australia', are you able to explain this any more as I can't quite get my head around it... I may well take you up on your offer of a chat closer to the time next year. Best

I've found reading the above responses really insightful, people clearly know their stuff on here - great! Thank you in advance for any advice / information given. I have my own query that I'd like conformation of: I bought in UK in April 2014. Due to tragic unforeseen family circumstances, my Australian partner moved back to Australia later in the year and after a few months said she would not be able to come back to the UK. I ended up following her over here in October 2014. I've rented out that property ever since. We bought our first Australian property in November 2017 and have lived here ever since, with our now two kids. I am looking to sell my UK property at the back end of next year. Am I correct in thinking that I will pay Capital Gains in the UK of 28% of any gains made over £12,000, or is it any gains that were made after I moved out? My second question is what are the expectations of me also paying Capital Gains over here too? This will call the 'double taxation agreement' into play it sounds. How does this work? After I transfer the money over to my Australian account, I then lodge this in my tax return with the ATO. Is there a section that will allow me to quote how much UK CGT I've paid and this automatically gets offset? Or will there be a huge tax bill for me to claim back at a later date?