keep or sell house in uk
Jun 5th 2010, 7:25 pm
#1
Just Joined
Thread Starter
Joined: Jun 2010
Posts: 2
keep or sell house in uk
Hi, have just joined forum and hoping to find some advice. We are moving to oz in September and with the current strength of the oz dollar we don't know whether to sell up or keep house and rent it out until dollar goes down. Also, if we leave the country and keep our house rented will we get hit by capital gains or similar tax? Welcome any advice. Carolyn
Jun 5th 2010, 8:24 pm
#2
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,170
Re: keep or sell house in uk
Welcome to BE 
This is just a spot to introduce yourselves though.
You want to check out the Aus section - http://britishexpats.com/forum/forumdisplay.php?f=54
This is just a spot to introduce yourselves though.
You want to check out the Aus section - http://britishexpats.com/forum/forumdisplay.php?f=54
Jun 5th 2010, 9:05 pm
#3
Joined: Mar 2007
Posts: 10,551
Re: keep or sell house in uk
Hi, have just joined forum and hoping to find some advice. We are moving to oz in September and with the current strength of the oz dollar we don't know whether to sell up or keep house and rent it out until dollar goes down. Also, if we leave the country and keep our house rented will we get hit by capital gains or similar tax? Welcome any advice. Carolyn
You'd be better off posting the questions in the Aus section. More folk will see it and respond.
Jun 5th 2010, 10:18 pm
#4
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,023
Re: keep or sell house in uk
Hi, have just joined forum and hoping to find some advice. We are moving to oz in September and with the current strength of the oz dollar we don't know whether to sell up or keep house and rent it out until dollar goes down. Also, if we leave the country and keep our house rented will we get hit by capital gains or similar tax? Welcome any advice. Carolyn
I'm sorry I can't answer your questions about Australia as I live in the US.
I see you've already been given the link to our Australia Forums...please repost your questions in there. We have a huge British expat membership who live down under...so I'm sure you'll get helpful answers in that forum.
If you need assistance finding your way around please contact a mod or admin...we will be pleased to help you.
Good luck.
Jun 5th 2010, 10:28 pm
#5
BE Enthusiast
Joined: Aug 2007
Location: Cornwall >>> Marin, CA >>> Cornwall!
Posts: 740
Re: keep or sell house in uk
I don't think there is a right or wrong answer. You have to go with what's best for you and at your time of move.
Don't forget there's always reasons for selling beyond our/your control so don't forget to factor in having to sell but remotely from the other side of the world? (Aswell as manage a rental. no matter how much local help you have it's always your responsibility)
Maybe sell but not move the money immediately?
Not relevant perhaps but we sold and had a chunk of change. We bought in the US and now are moving back. We didn't move all our money over to buy here. Reason for moving back is medical so an example of the unknowns that can crop up.
We have obviously lost money overall if you look at net worth before and after but don't regret the decision to sell initially.
Good luck!
Don't forget there's always reasons for selling beyond our/your control so don't forget to factor in having to sell but remotely from the other side of the world? (Aswell as manage a rental. no matter how much local help you have it's always your responsibility)
Maybe sell but not move the money immediately?
Not relevant perhaps but we sold and had a chunk of change. We bought in the US and now are moving back. We didn't move all our money over to buy here. Reason for moving back is medical so an example of the unknowns that can crop up.
We have obviously lost money overall if you look at net worth before and after but don't regret the decision to sell initially.
Good luck!
