liveandlearn Posted March 13, 2018 Share Posted March 13, 2018 Hello, I am hoping someone can offer some advise please. I have moved back to the UK, currently staying with parents and do not own a property here. My house in Oz will go up for sale end April. I will need to complete my part of the sale here, ( my husband is still in Melbourne but we have separated). Can anyone advise steps I take here ? i know I need to set up an account for the sale proceeds with a solicitor whilst me and husband agree final division of money from sale. I will use proceeds of the sale to hopefully buy a property here. Do I also need to engage an accountant to assist with Capital Gains Tax ? I have PR so husband thinks I sign some form he has sent me entitled “Foreign Residents Capital Gains “ that the conveyancer has provided him. I’m not convinced about this as I’m residing here in UK now. Can anyone recommend a company that can advise me properly please it’s all soooooo confusing especially when going through the mire of seperation .. Quote Link to comment Share on other sites More sharing options...
LKC Posted March 13, 2018 Share Posted March 13, 2018 I do vaguely remember having to complete one of these. From memory it was a Capital Gains Withholding Tax Clearance Certificate that we filled in, but it was whilst we were still resident in Australia. ETA: We were citizens at the time and still in Australia. I've just checked back on my emails and this is the form that we had to complete https://www.ato.gov.au/FRWT_Certificate.aspx. I would have thought your conveyancer should be able to advise you on what you need to fill in. Can you contact them directly? Quote Link to comment Share on other sites More sharing options...
liveandlearn Posted March 13, 2018 Author Share Posted March 13, 2018 Thanks LKC ! Yes that’s the form my husband has sent over. I don’t think the conveyancer really knows re Australia/UK tax. I’ve contacted an expat tax firm so hoping they may be able to advise. Thanks so much ! Quote Link to comment Share on other sites More sharing options...
ramot Posted March 13, 2018 Share Posted March 13, 2018 1 hour ago, liveandlearn said: Thanks LKC ! Yes that’s the form my husband has sent over. I don’t think the conveyancer really knows re Australia/UK tax. I’ve contacted an expat tax firm so hoping they may be able to advise. Thanks so much ! Allen Collett an MA agent who posts regularly is recommended for UK/Aust tax affairs is worth contacting. Quote Link to comment Share on other sites More sharing options...
LKC Posted March 14, 2018 Share Posted March 14, 2018 As far as I know, you won't pay capital gains on the money, if it is the only property you own and it is/was your main residence. I'd definitely recommend doing what ramot has suggested and see if Allen Collett could help you. Quote Link to comment Share on other sites More sharing options...
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