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Pomms/Aussies Obsessed By Property

Pomms/Aussies Obsessed By Property

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Old Aug 13th 2007, 7:54 am
  #61  
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Joined: Jul 2007
Location: Worcester, England
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Amanda Jayne is an unknown quantity at this point
Default Re: Pomms/Aussies Obsessed By Property

Originally Posted by annqldau
Think they think you will have downsized before then as Aussies love to downsize to a cute little unit.
In the UK that would be better, release the equity and spend the cash before the government get their hands on it in the form of inheritance tax. That's if they haven't already forced you to sell it to pay for your Social Services care package. Do they have such a thing down under (Inheritance Tax)?
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Old Aug 13th 2007, 8:09 am
  #62  
 
Joined: Oct 2005
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Default Re: Pomms/Aussies Obsessed By Property

Originally Posted by Amanda Jayne
In the UK that would be better, release the equity and spend the cash before the government get their hands on it in the form of inheritance tax. That's if they haven't already forced you to sell it to pay for your Social Services care package. Do they have such a thing down under (Inheritance Tax)?
Yep when we inherit from the UK if there's anything left the Aussie Gov will take a fair chunk.
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