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I moved to Australia in January 2019 and started renting the house out in England at that time. I lived in the house in England for a few years before moving over here. I now have PR in Australia and haven't been back to England since moving here.
I'm now in the process of selling the house there and I'm just looking for anyone who's had similar experience and what happened with capital gains tax in both countries.
The way I understand it in Australia is that it's covered under the 'six-year rule', and that the house in England can be considered a primary residence and therefore should be exempt.
For England, it looks like I can get tax relief for not being UK resident, the guidance on not being UK resident being that I haven't been in England for more than 16 days in the tax year. (but does this need to be only for the tax year that the property sold, or each tax year that I owned it?)
Can anyone share experiences around this stuff? I'll obviously talk to proper tax advisors in due course, however just want an idea of what the outcome may be. Looking around the government websites for both countries is like running around a rabbit warren!
Yes run the numbers through the UK gov cgt simulator, there's a few options for non uk residents but they predate your leaving.
Think it was 2015 the regime changed in uk. Before then no liability in uk.
So you pay in uk, then declare in Aus.