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  1. Skippy2017

    UK house Sale CGT for Oz migrant

    Skippy2017 posted a topic in Money & Finance

    Hi, I am married but my wife will migrate to Australia and be tax resident there probably for 2 or 3 yrs before I will migrate myself. She will work and pay taxes in Australia and live in a house in Australia that we will buy. I will stay in the UK in our main residence where my wife and I have lived for 16 years. When I sell the family home in the UK (let's say in 2 years from now) what is the CGT situation? I'm pretty sure I would have no CGT liability as I'm resident in the house and a UK tax payer. The question is really about my wife's situation. Is there a CGT liability in both the UK AND in Australia? Are there any allowances for it being her "main" residence despite not having lived there for 2 years? I read somewhere that to get CGT relief in the UK she must live in the UK house for 90 days in the year. This may not be possible in her case. I've started thinking about taking her name off the deeds of the house as a solution but it seems a bit drastic!! Thanks in advance for your comments! Skippy
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