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Sorry.- slightly complicated CGT question


littlehippy

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Husband earning in oz since the day we arrived in November. Technically I'm on holiday here as working in uk and still paid by uk (on maternity leave). I have dual citizenship. If we move joint money over now, does my husband pay CGT on the increase in value due to sterling rising against dollar? If so, I assume it's on his half of it? Can he give it to me to transfer in my name (is there a personal limit). Need to move over life savings to buy a house and need to know what will actually be available for buying the house after tax liability is met.

 

thanks.

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Guest The Pom Queen

I would chat to an accountant who is qualified in dealing with both UK and Aus finances, the one who I know does this is Alan Collett. It may be worth sending him a pm and asking how much he charges.

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