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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 16234
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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As australian citizen living in uk ,do i have to pay tax in

Customer Question

as australian citizen living in uk ,do i have to pay tax in uk on property sold in australia if money sent to austral?ian bank in uk
JA: Where are you? It matters because laws vary by location.
Customer: i live in uk
JA: What steps have you taken so far?
Customer: contacted agent to sell land for 1000 $aust
JA: What steps have you taken so far? Have you prepared or filed any paperwork?
Customer: no
JA: Where is the land located?
Customer: n.s.w australia
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: not really
Submitted: 7 days ago.
Category: Tax
Expert:  bigduckontax replied 7 days ago.

Was this your sole or main domestic residence ie the only one you owned?

Customer: replied 7 days ago.
the only place i own but only 1\4 acre in n.s.w. but am resident in uk. can i open an external account at australian bank in london with my australian passport and have money sent to that account to avoid uk tax?
Expert:  bigduckontax replied 7 days ago.

As you sold our sole or main domestic residence then Private Residence Relief (PRR) applies which relieves UK Capital Gains Tax (CGT) at 100%.

I do not do telephone calls any more,they are no longer cost effective.

Expert:  Sam replied 6 days ago.

When did you move out from this property and swhen was it sold ?
thanks

Sam