Tax on money from house sale
May 18th 2004, 10:17 am
#1
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Tax on money from house sale
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
THanks
May 18th 2004, 10:20 am
#2
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Location: Morayfield - The Posh Part
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Re: Tax on money from house sale
Originally posted by dazandreb
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
May 18th 2004, 10:20 am
#3
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Joined: Jan 2004
Location: Morayfield - The Posh Part
Posts: 10,138
Re: Tax on money from house sale
Originally posted by dazandreb
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
May 18th 2004, 10:31 am
#4
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Joined: Oct 2003
Location: Coogee, Sydney
Posts: 1,017
Re: Tax on money from house sale
Originally posted by dazandreb
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
We are planning to sell our house in the UK prior to moving to Australia. We hope to make quite a good profit on the sale and will have approx $A200,000 to take with us. Will we be liable to pay any tax on this money when we go to Australia?
THanks
You will have to pay tax on any interest the money earns - so depends on how quick you spend it !
But as Timber says, no other tax to pay
May 18th 2004, 11:12 am
#5
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Thread Starter
Joined: Jan 2004
Posts: 36
Thank you, I think I have been getting mixed up with the capital gains tax and was really worried that we would have to pay loads of tax when we got there.
Thanks a lot.
Thanks a lot.
