Guest julie01 Posted October 14, 2008 Share Posted October 14, 2008 Hi can any1 help me I am hoping to move to australia mid next year. I currently own a house in Ireland and plan to keep it rented for the mean time just in case I ever decide to move back home. does any1 know if I sell the house while im living in australia will I have to pay capital gains tax. is any1 eles in the same boat I am going on the 175 skilled visa thanks julie Link to comment Share on other sites More sharing options...
Guest alan_blue Posted October 16, 2008 Share Posted October 16, 2008 im doing the same and emailed HMRC they said that if you sell within the first 5 years then yes and after 5 years no as you are no longer classed as a resident hope that helps Link to comment Share on other sites More sharing options...
Guest julie01 Posted October 17, 2008 Share Posted October 17, 2008 Hi thanks for that, but as far as I know that if I sell within the first 5 years I will have to pay 20% of the profit to cgt in Irish governement, and if I sell it after the 5 years I will have to pay 40% of the profit to the austraian government. Is this right thanks Link to comment Share on other sites More sharing options...
Guest alan_blue Posted October 18, 2008 Share Posted October 18, 2008 not sure about the oz side of things, where did you hear that from? can anyone shed any further light? however in addition how will they know you have sold it? Link to comment Share on other sites More sharing options...
Guest julie01 Posted October 18, 2008 Share Posted October 18, 2008 Im not sure but i think when you go to bring the money into the country they will be asking you where it came from so you will have to declare it, they will want you prove where it came from. It was posted on this website some time ago, and I think iv seen it eles where as well. Link to comment Share on other sites More sharing options...
Guest alan_blue Posted October 19, 2008 Share Posted October 19, 2008 i guess you could always leave it in the uk or even bring it over in small doses too Link to comment Share on other sites More sharing options...
Guest julie01 Posted October 19, 2008 Share Posted October 19, 2008 I suppose thats an option, but you would have to be careful, the banks are not stupid and if they supect anything you would be screwed, dont forget the banks have a legal obligation to report anything suspicous to the government. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.