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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Captial gains loss on house sale in UK
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Captial gains loss on house sale in UK|
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Junior Member |
If we sell our UK property for 13,000 GBP less than the Estate Agents valuation and the house was on the market at that valuation when we migrated to Oz can the loss be written off as capital gains loss in a tax return ?
Thanks Bobby |
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Member |
If it has been your main residence throughout the period of your ownership - no.
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.collettandco.co.uk Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia |
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Junior Member |
Hi Bobby,
Thats an interesting thought that i stumbled upon too, i m interested to know what eventually happened? Were u able to convince the ATO that u made a loss? Raj
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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Captial gains loss on house sale in UK
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Captial gains loss on house sale in UK© The Go Matilda Trading Company Limited 2002
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