CameronsDad Posted July 17, 2019 Share Posted July 17, 2019 Hi team. We have just moved back to Scotland from Australia and sold our house (exchanged contracts) about three hours before we got on the plane!! What a relief that was. It means that we are still waiting to settle (get our money). This is due before the end of the month. I'd like to understand if we are due to pay Capital Gains Tax in the UK on the property we just sold in Oz. We were residents of Australia, not the UK, when we signed the contract. We are now UK residents and will be when the money comes into our account in Australia. So I'm unsure what HMRC will expect in terms of CGT. Appreciate your thoughts. Quote Link to comment Share on other sites More sharing options...
Leighbee98 Posted July 17, 2019 Share Posted July 17, 2019 I would suggest seeking the advice of an accountant who has specialist knowledge of both the UK and Australian tax systems. Fortunately there is such a man on here @Alan Collett Highly recommended 1 Quote Link to comment Share on other sites More sharing options...
Amber Snowball Posted July 17, 2019 Share Posted July 17, 2019 Don’t think so as it was your principal place of residence so neither country taxes on that. Might be wrong but pretty sure I’m not. 1 Quote Link to comment Share on other sites More sharing options...
CameronsDad Posted July 17, 2019 Author Share Posted July 17, 2019 Thank folks. A couple of other people I spoke to today reckon I don’t need to pay any tax on the sale of our house. Quote Link to comment Share on other sites More sharing options...
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