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My husband has a resident visa and bought a house in Benalla in 2002. The plan is to retire there (on our US pensions) before 2010, but I am still working here in the US until we can sell our big house here. With the US housing market like it is, we may have to do considerble work on this house and are considering selling the Benalla house to pay for it and buying another one later. First we need to know if the capital gains would be taxed (the house is considered his residence, never has been rented) and if we would be allowed to bring a considerable sum of money out of the country.
 
Posts: 2 | Registered: 19 August 2007Reply With QuoteEdit or Delete MessageReport This Post
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