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Forum: Australia

May 31st 2010, 10:09 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

Just to add something to this, as there is way too much confusion.

Per the HMRC website, a person is UK-domiciled if:

Domicile
Generally, a person's domicile is where they have their fixed and...

Forum: Australia

May 31st 2010, 9:53 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

A UK resident is "within the border". An Australian estate is not.

How can a dead person break the law?

Forum: Australia

May 31st 2010, 9:44 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

Sigh.

The power of the UK to tax ends at the border. The UK has no more power to tax an Australian estate than Uruguay has and all the laws in the UK make no difference to that fundamental...

Forum: Australia

May 31st 2010, 9:36 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

Not if the estate (will) and assets are outside the UK.

Forum: Australia

May 31st 2010, 5:27 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

You? Inheritance tax isn't levied on "you", it's levied on your estate. By that point, you're dead so you're not in a position to avoid/evade anything.

It will always apply to property situated...

Forum: Australia

May 31st 2010, 12:22 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

And do tell me exactly how that can be done?

I will observe that if you have severed all ties to the UK (assets in Australia, will in Australia, etc) and permanently settled in Australia then you...

Forum: Australia

May 30th 2010, 6:46 pm

Replies: 20

Capital Gains Tax

Views: 2,924

Posted By JAJ

Re: Capital Gains Tax

Make your will in Australia, and have your assets outside the UK, and there is no practical basis for UK IHT to be levied. Australia will not collect it on Australian estates. Suggesting otherwise...

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