We are currently just selling our house in the UK - we should be completed by June. We are then emigrating to Brisbane as we already have our visa. I know if you leave money in the UK and then later convert to AUD you get hit by tax on the gain. Does anybody know what the tax is and how long you can leave it in the UK before you have to pay this tax? Thinking that the rate should go up after the UK election. Any advice very welcome! Thanks

This topic has been extensively debated on these forums and it is my contention that you should be able to ignore any gains on your money unless you are trading in currencies. Please see the debate below and make your own mind up.

http://gomatildaforums.com/eve...671028902#7671028902

Recent Private Rulings on this vexed subject ...
http://www.ato.gov.au/rba/cont...BA/Content/92415.htm
http://www.ato.gov.au/rba/cont...ba/content/63842.htm

Maybe also contact HiFX regarding the transfer of funds to Australia:
http://www.hifx.co.uk/services...lda/market_data.aspx

Best regards.