joho

Ok we sold our house while living in Oz and renting. We paid no tax on the proceeds of the house because it was still classed as our main residence. If you buy a house in Oz and still own your house in the UK then you have 2 houses. If you then sell a house you are liable for tax on any profit (ie increase in value) that has happened since you became a 2 house owner. So if you are thinking of doing this then I would advise a new valuation of your property as it stands on that day.

I think this is right.

Jo