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What is the source of this cash?
This transfer would be outside the scope of UK taxation. Just warn your bank of incoming funds and their source to preclude any money laundering inquiries a large transfer might otherwise attract.
Yes you will and any gain made will be subject to UK Capital Gains Tax (CGT), but under the double Taxation Treaty between the UK and Oz any tax paid there is allowed as a tax credit against your UK liability. The UK rate of tax would be 10% or 20% or a combination of the two rates dependning on your income including the gain in the tax year of disposal.
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