back to UK from New Zealand
Aug 28th 2017, 1:26 pm
#1
Just Joined
Thread Starter
Joined: Aug 2017
Posts: 2
back to UK from New Zealand
Hi
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
Aug 28th 2017, 1:35 pm
#2
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: back to UK from New Zealand
I've moved you to the MB forum. You'll get more replies here. 
Sep 3rd 2017, 8:35 am
#4
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,126
Re: back to UK from New Zealand
Hi
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
I don't know about any tax implications in NZ if he buys and owns a house in the UK while he is living in NZ. That would be a question to ask in NZ.
Sep 3rd 2017, 5:36 pm
#5
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,137
Re: back to UK from New Zealand
Hi
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
Hope someone can advise as even the hmrc website is confusing. My partner has lived and worked in NZ for almost 7years, he gains his citizenship late 2018. He has decided to return to the UK for good once he has got this (leaving g our option to return one day). He recently sold his old UK home and paid the cash into my account to find our first (but forever) home. I was selling mine to add to the fund, however, that is proving to be difficult. This means any house we buy with our already greatly reduced funds will have to be in his name as to buy in my name it's classed as a 2nd property and attracts 3% stamp duty which seems unfair as we genuinely want to sell the my house. Will owning a home in the UK cause him problems when he sells his NZ home and returns with the funds. He has obviously been paying income tax in NZ.
R
https://www.stampdutycalculator.org....cond-homes.htm
Last edited by spouse of scouse; Sep 3rd 2017 at 5:40 pm.
