frufrublu

hello

does anyone know if you get taxed and if so whats the % when you take a large amount in ie from sale of a house. ive been told its 40%
can anyone help
thanks sam

rossifumi

I have read somewhere that you have a certain amount of time to transfer money over before it is subject to TAX. Sorry I can't be more explicit than this, do a search within the forum.

rossifumi

Here

http://britishexpats.com/forum/showt...sfer+funds+tax

More info available if you do a search.

Rich

frufrublu

thanks very much ive had a little search and seem to have found the info i wanted plus your link helped and has confirmed thank gawd that they wont tax me cheers
sam

JAJ

What kind of tax?

There is such a thing as income tax and capital gains tax. However there is *no such thing* as capital transfer tax.

Australian tax residents are taxed on world income and capital gains whether brought into Australia or not.

There are some special rules regarding pensions.



Jeremy