$ @ 2.35
Jun 17th 2005, 6:28 am
#1
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$ @ 2.35
Is it a strong $ or a weak £
Jun 17th 2005, 6:29 am
#2
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Location: Ilukapool. WA
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Re: $ @ 2.35
Originally Posted by fraser
Is it a strong $ or a weak £
Jun 17th 2005, 6:31 am
#3
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Re: $ @ 2.35
Originally Posted by renth
Bit of each I reckon. It's caused me to take my house off the market in the UK despite having buyers.
Jun 17th 2005, 6:33 am
#4
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Location: Ilukapool. WA
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Re: $ @ 2.35
Originally Posted by fraser
Yeah I can see why you did, looks like mine will be staying in the account here until it rises
Jun 17th 2005, 6:34 am
#5
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Re: $ @ 2.35
Originally Posted by renth
I considered that, but do you realise you are liable for the capital gain?
Jun 17th 2005, 6:38 am
#6
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Location: Ilukapool. WA
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Re: $ @ 2.35
Originally Posted by fraser
Not for a while as I'm still in the UK, am I not allowed to bring it over tax free before a set time.
Best thing is to have a good look at the ATO site, or even ring them up. They are very helpful.
Jun 17th 2005, 6:40 am
#7
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Re: $ @ 2.35
Originally Posted by renth
Ahh, don't know mate. But if you left it in the UK, moved to Aus and the exchange rate went in your favour you might have to. You might be OK if you brought it over within 6 months - don't know if it applies to cash as well as pensions etc...
Best thing is to have a good look at the ATO site, or even ring them up. They are very helpful.
Best thing is to have a good look at the ATO site, or even ring them up. They are very helpful.
I'll not be over for a couple of months anyway, and as we know trends can change overnight.
Here's hoping
Jun 17th 2005, 6:50 am
#8
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Location: Mona Vale, Northern Beaches, Sydney
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Re: $ @ 2.35
Originally Posted by renth
Ahh, don't know mate. But if you left it in the UK, moved to Aus and the exchange rate went in your favour you might have to. You might be OK if you brought it over within 6 months - don't know if it applies to cash as well as pensions etc...
Best thing is to have a good look at the ATO site, or even ring them up. They are very helpful.
Best thing is to have a good look at the ATO site, or even ring them up. They are very helpful.
Very frustrating!
Tara
Jun 17th 2005, 7:24 am
#9
Joined: Apr 2004
Location: High up in Joondalup.
Posts: 4,228
Re: $ @ 2.35
Originally Posted by renth
Bit of each I reckon. It's caused me to take my house off the market in the UK despite having buyers.
Jun 17th 2005, 7:25 am
#10
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Re: $ @ 2.35
Originally Posted by kelli28
are you liable for capital gains when you exchange the money from your house?
Jun 17th 2005, 7:36 am
#11
Joined: Apr 2004
Location: High up in Joondalup.
Posts: 4,228
Re: $ @ 2.35
Originally Posted by fraser
No your not I think you're allowed a one off payment.
Jun 17th 2005, 7:38 am
#12
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Re: $ @ 2.35
Originally Posted by kelli28
i meant with it being rented out for a while once the six months is up
Jun 17th 2005, 7:38 am
#13
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Re: $ @ 2.35
Originally Posted by kelli28
i meant with it being rented out for a while once the six months is up
Jun 17th 2005, 7:56 am
#14
Joined: Apr 2004
Location: High up in Joondalup.
Posts: 4,228
Re: $ @ 2.35
Originally Posted by renth
You have to declare the rent as income.
Jun 17th 2005, 8:01 am
#15
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Re: $ @ 2.35
Originally Posted by kelli28
are you liable for capital gains when you exchange the money from your house?
http://britishexpats.com/forum/showthread.php?t=284559
G