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TAXATION ON UK HOUSE SALE
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waynea
Junior Member
Posted
We moved over to Oz last November and rented our house out. The house is up for sale anyway but just wondered about tax implications of the sale. Is the sale subject to CGT ? We have not bought here yet. We are on permenant resident visas and as such are Oz tax residents.

Also what about any increases due to exchange rate movements.

Finally if tax is applicable is it against value or total profit in house sale ?

Thanks for any advise
 
Posts: 1 | Registered: 20 July 2010Reply With QuoteReport This Post
Alan Collett
Member
Posted Hide Post
Please send me a Private Message (click on my name to the left of this posting) with your name and email address, and I will send you our Tax FAQ schedule. It should help.

Best regards.


Alan Collett
alan-at-gomatilda-dot-com
Registered Migration Agent Number 0102534
Fellow of the Institute of Chartered Accountants in England and Wales
Member of the Institute of Chartered Accountants in Australia
http://www.gomatilda.com and
http://www.gmtax.com.au
Offices in Southampton - England; Melbourne, Perth, and Brisbane - Australia
 
Posts: 3395 | Location: Southampton, UK | Registered: 01 August 2002Reply With QuoteReport This Post
Lane
Junior Member
Posted Hide Post
Hi Mate

I think the tax is levelled against total value of the house sold.

This message has been edited. Last edited by: Alan Collett,
 
Posts: 1 | Registered: 18 August 2010Reply With QuoteReport This Post
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