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Guest ness71

Capital gains tax

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Guest ness71

Hi Guys

Well we finally got here!!!

We arrived last thursday after completing the house sale the day before we flew!

 

Can anyone tell me were I stand re transfering the house sale money, and will I be subject to CGT?

 

thanks

Ness

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Guest guest33730

Ness,

 

No capital gains tax to pay in either country if it was your main residence - the only thing you need to watch out for is if you delay transferring the proceeds to Australia for too long (forgotten how long) you may be liable to tax on any foreign exchange 'profit'.

 

Daniel

 

p.s. congrats on getting to Aus it's now that the real fun starts!!

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