Logistics of moving…
#1
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Joined: Oct 2019
Posts: 12
Logistics of moving…
Hi all we’re currently planning a move back to the Uk from NZ, feels all a bit last minute but we only have a short window to move back (pregnant and I don’t want to fly after second trimester ideally as it’s so far!). Anyway just wondering if anyone has any advice on the logistics of selling a house, sending stuff back, etc when flying to another country. It’s our first house so we’ve never done it before and it’s all much more daunting moving when you now have a dog, toddler, and a house to sell rather than just leaving the Uk with a bag young and single! Any advice, hints or tips would be much appreciated thanks!
#2
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Joined: Dec 2010
Location: Whitby, Ontario
Posts: 732
Re: Logistics of moving…
How likely is your house to sell quickly? Do you need to sell it before you leave, either from your own finances or a tax point of view?
To move your personal items back, you’ll need to complete a Transfer of Residence form, which means you don’t pay tax on those items.
You’ll need to sort out a company to move your ‘stuff’ and I suggest you get rid of as much as possible to reduce moving costs.
To move your personal items back, you’ll need to complete a Transfer of Residence form, which means you don’t pay tax on those items.
You’ll need to sort out a company to move your ‘stuff’ and I suggest you get rid of as much as possible to reduce moving costs.
#3
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Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,136
Re: Logistics of moving…
Just on the house selling, you won’t need to have completed the sale of your house when you move back from a UK tax perspective. It is your primary home so will not be subject to capital gains by HMRC. This was our daughter’s situation when she moved back from California 15 months ago, her buyers pulled out last minute so the house was back on the market when time came to move.
#4
Just Joined
Thread Starter
Joined: Oct 2019
Posts: 12
Re: Logistics of moving…
How likely is your house to sell quickly? Do you need to sell it before you leave, either from your own finances or a tax point of view?
To move your personal items back, you’ll need to complete a Transfer of Residence form, which means you don’t pay tax on those items.
You’ll need to sort out a company to move your ‘stuff’ and I suggest you get rid of as much as possible to reduce moving costs.
To move your personal items back, you’ll need to complete a Transfer of Residence form, which means you don’t pay tax on those items.
You’ll need to sort out a company to move your ‘stuff’ and I suggest you get rid of as much as possible to reduce moving costs.
#5
Just Joined
Thread Starter
Joined: Oct 2019
Posts: 12
Re: Logistics of moving…
Just on the house selling, you won’t need to have completed the sale of your house when you move back from a UK tax perspective. It is your primary home so will not be subject to capital gains by HMRC. This was our daughter’s situation when she moved back from California 15 months ago, her buyers pulled out last minute so the house was back on the market when time came to move.
#6
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Joined: Jan 2019
Posts: 346
Re: Logistics of moving…
Sorry... couldn't resist...
I think that there's possibly a time period to think about with regards to UK Capital Gains tax ... where if you kept the house past a certain date and had one in the UK that the tax would start to apply. But I think it's a fairly long time. I read about this and decided not to worry (for my situation). Maybe, worth researching a bit further for you?
Do you have somewhere to move to? Like a house of a family member? Generally speaking (with some regional variation), rental properties are:
1. Extremely expensive
And
2. Difficult to find (especially with pets)