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redwriter

returning to UK after 4 years

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Hi,

We're planning on returning to UK after four years in Aus. and need advice re: selling house timelines/tax implications here and in UK, SMSF and moving funds back.

Can anyone suggest an advisor in Perth, WA or nearby. I have contacted BDH Sterling twice but have had no response. Is there an alternative?

Thanks,

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Yes, speak to @Alan Collett (for tax) or @Andrew from Vista Financial for financial advice.

If the house is your principal residence then there shouldn't be any tax implications to selling it, as it's exempt from capital gains.

I hope you don't already have a SMSF because as I understand it, you can't have executors who reside overseas.  You may have to dissolve it but you will probably have to put the funds into a retail or not-for-profit super fund, unless you have already reached preservation age. 


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

My new novel, A Dance With Danger, due out August 2022

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Thanks, I thought Alan had retired. I'll get in touch with him.

 

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