CGT

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Old Apr 27th 2009, 12:31 am
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Default CGT

If you are PR, living and tax resident in Oz but sell a UK property whose CGT do you pay - UK or OZ?

Are there any exemptions - eg for
it having been your home previously? or
held it for over x period of years? etc
Think we have a handle on it but would appreciate confirmation we have it about right. Directions to clear guidlelines would also be appreciated.

Obviously before we commit to anything significant we'd get it professionally confirmed for our particular situation - just trying to get my head around it and have some degree of accuracy in our expectations
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