From April 2015, it is proposed that non residents (that’s us poms living in sunny Australia) will pay Capital Gains Tax on the sale of UK residential property. So if you own property in the UK, it’s worth reviewing your position. Here is a link to some further info http://www.propertywire.com/news/europe/uk-capital-gains-tax-property-201404048976.html
Well, if you are a permanent Australian resident then the answer is a resounding yes. Although there is a double tax agreement between the UK and Australia, the devil as always is in the detail. The agreement states that where rental income is derived in the “other” country, which in this case would be the… Read More Do I Have to Pay Australian Tax on my UK Rental Income?
This is a really common question, as many ex-UK, now Australian residents still need to complete UK tax returns. A case where this would be necessary is if they still hold UK rental property. The good, although rather odd news, is that yes you can claim the thresholds in both the UK and Australia. The… Read More Can I claim the UK tax free threshold if I am living in Australia?