jaz

Will we have to pay tax on the money we gain on the sale of our uk house. We will be using this to set us up over there, and need to know if it will be taxed on arrival, or as anual income, or anything else.

sundarize

I think in general the Government quite like you to bring loads of cash into the country so theres no tax on that. Once you start spendind it, well... thats another story!

anzen12

Generally, taxes are paid on income earned in your "country of residence� That definition is usually based on where you lived for the majority of the financial year.

In Australia, financial gains on your principle place of residence are not taxable. I wouldn't worry.

jaz

thanks for your replies, it just crossed my mind, and you know what its like when you get a silly idea in your head. It makes sense what you have said. I dont think that it should be a problem. I just keep thinking that IM going to miss something really important.

thanks

scoobydooathome

No because it's your equity