Hello, my wife,daughter and I are considering moving over to Perth and renting a property whilst we leave our house in the UK on the market.Our home has been for sale for a considerable time (10 mths) and despite several price reductions we don't yet have a firm offer.We have had our perm. visas for 12mths and having done a reccy in Sept. are becoming frustrated awaiting our house sale.Would anyone please be able to advise if tax would be payable on the transfer of our equity in the property if we were already aus. tax residents, or if any time scales apply as with pension transfers.This isn't our ideal scenario but we feel we can only remain in limbo for so long. Any advice or info. much appreciated. Kind regards Lee,Sue&Molly
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
Posts: 2567 | Location: Geelong, Australia | Registered: 01 August 2002