Guest sparky1966 Posted December 8, 2015 Share Posted December 8, 2015 Hi, just looking for some advise from someone who is either qualified or had recently sold their house whilst in aus. Looking for some advise regarding CGT and the rule changes regarding PPOR etc? Please private me a message if you know the recent rules Thanks Richard Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted December 8, 2015 Share Posted December 8, 2015 Hi Richard You will require a UK Tax Adviser to give advice in relation to this, I will move your post to the general money and finance section as it is more appropriately placed there. Alan Collett from GM Tax is qualified in tis area and should be able to assist (http://www.pomsinoz.com/forum/members/8471.html). Link to comment Share on other sites More sharing options...
paisleylass Posted December 9, 2015 Share Posted December 9, 2015 We recently sold our house. We completed our own UK CGT declaration which was easy as we made a loss. That has to be done within 30 days of completion. GM Tax is handling the Australian side, but there should be no liability because it was our home until we let it out, and we only let for 3.5 years. Just glad to be rid :cute: Link to comment Share on other sites More sharing options...
akiralx Posted December 9, 2015 Share Posted December 9, 2015 We sold ours remotely from Aus in 2012 after leaving in 2009 - it was worth less at sale then when we left so no CGT fortunately. I didn't make any UK CGT declaration though. Link to comment Share on other sites More sharing options...
Ken Posted December 10, 2015 Share Posted December 10, 2015 We sold ours remotely from Aus in 2012 after leaving in 2009 - it was worth less at sale then when we left so no CGT fortunately. I didn't make any UK CGT declaration though. Don't worry akiralx your sale was before the rule change so you didn't need to make a declaration. It's only the gain made since 6th April 2015 that is taxable (for those who ceased to be UK resident before that date otherwise it's from when you cease to be UK resident) so it will be a long time before this measure becomes a real revenue earner for the UK government. Link to comment Share on other sites More sharing options...
Alan Collett Posted December 11, 2015 Share Posted December 11, 2015 Don't worry akiralx your sale was before the rule change so you didn't need to make a declaration. It's only the gain made since 6th April 2015 that is taxable (for those who ceased to be UK resident before that date otherwise it's from when you cease to be UK resident) so it will be a long time before this measure becomes a real revenue earner for the UK government. ... particularly as the last 18 months of ownership are also exempt under UK tax law. Best regards. Link to comment Share on other sites More sharing options...
lp77 Posted December 11, 2015 Share Posted December 11, 2015 So.. We fly in January house sale in process... Probably won't settle till feb /March... Do we need to declare for tax purposes. Joint ownership marital home with 3kids... Owned since 2007... thanks Link to comment Share on other sites More sharing options...
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