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UK flat under offer but not exchanged prior to moving to Aus


JKB

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I have accepted an offer on my UK flat but it hasn't progressed to exchange of contracts or had a completion date agreed as yet. I think it is unlikely to by the end of March when I arrive in Aus. It is my main residence and I don't have any other properties, are there likely to be any tax issues I should be aware of in either the UK or Aus as a result of the sale completing after my arrival in Aus?

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I accepted on offer on my house on a Saturday and flew out two days later to Oz. I completed all the paperwork for over here, all via email, other than a couple of documents which had to be via post. It took about 3 months from offer to completion (no chain and first time buyer). I didn't pay tax in either country and it was my main residence.

 

This was 3 years ago, but unless they have dramatically changed the rules, then you shouldn't be paying any tax.

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