Is this right?
Nov 16th 2007, 6:38 pm
#1
Just Joined
Thread Starter
Joined: Aug 2007
Posts: 22
Is this right?
Today I spoke to someone in our town that has also decided to emigrate to oz. They said that they thought you had to pay 20% tax on all capital that you took with you after sale of house etc???
Nov 16th 2007, 6:46 pm
#2
Ping pong PoM
Joined: Aug 2006
Location: Melbourne
Posts: 1,537
Re: Is this right?
Nope, not right at all!
You only have to pay tax on your money once... and the proceeds from your house are yours to buy another house...
I"m sure somebody with more knowledge will contribute soon, but you may be better off posting this on the Australia thread!
Ali x
You only have to pay tax on your money once... and the proceeds from your house are yours to buy another house...
I"m sure somebody with more knowledge will contribute soon, but you may be better off posting this on the Australia thread!
Ali x
Nov 16th 2007, 6:53 pm
#3
Just Joined
Thread Starter
Joined: Aug 2007
Posts: 22
Re: Is this right?
Thanks
Thought it was a silly question. Wont panic now, mabe they mixed up with the tax on pensions.
Thought it was a silly question. Wont panic now, mabe they mixed up with the tax on pensions.
Nov 16th 2007, 8:04 pm
#4
Lost in BE Cyberspace
Joined: Apr 2007
Location: Melbourne
Posts: 6,135
Re: Is this right?
Lau x
Nov 16th 2007, 8:13 pm
#5
BE Enthusiast
Joined: Mar 2007
Location: Brisbane
Posts: 835
