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Susan from Moneycorp

Foreign Resident tax on sale of UK property?

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Hopefully a simple question:
If a UK-only citizen (not dual-citizen) working short-term in Australia (457), sells their sole property in the UK for a profit (say, £20,000) does the UK Citizen have to pay CGT ?
The client doesn't own any other property here or UK and files an Australian tax return annually.

Thanks 🙂
 

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On 27/10/2020 at 17:10, Susan from Moneycorp said:

Hopefully a simple question:
If a UK-only citizen (not dual-citizen) working short-term in Australia (457), sells their sole property in the UK for a profit (say, £20,000) does the UK Citizen have to pay CGT ?
The client doesn't own any other property here or UK and files an Australian tax return annually.

Thanks 🙂
 

@Alan Collett may be able to help with that.


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

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If the person is an Australian resident for tax purposes, CGT rules apply as if the property is in Australia, as far as I know.

Edited by Marisawright

Scot by birth, emigrated 1985 | Aussie husband applied UK spouse visa Jan 2015, granted March 2015, moved to UK May 2015 | Returned to Oz June 2016

"The stranger who comes home does not make himself at home but makes home itself strange." -- Rainer Maria Rilke

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