Hi
I understand there are tax implications if you wait for a period of time after you go to Aus before changing your pounds to Aus Dollars.
If for example I sold my house and immediatly went to Aus,but then waited for say 2 weeks for a better exchange rate before transfering the money, would I pay tax in Aus on the difference?
Or is there a time period where you are allowed to exchange currencies without paying tax?
Also to Alan, do you have someone you recommend in Brisbane for tax/business advise?

Thanks

Alex

I believe you have either 6 or 12 months to transfer funds before tax kicks in. Perhaps Alan can inform you of the exact time limit but it gived to plenty of time - don't worry.

I'm pretty certain it's 6 months from the time of arrival before you are liable for any CGT on currency movements.