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Discussion Starter · #1 ·
Hi, I have dual Citizenship UK/Australia now and have a property in the UK which I may sell and transfer the funds here. I have heard that I may get stung with a large tax bill in Australia if I transfer the money to Australia - has anyone done this recently, if so can you give me any advice, did you use an accountant?

Many thanks in advance
 

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Not specific to Australia, but the tax bill you are likely to face is capital gains tax if you make profit from the sale. You need to find out how CGT works where you are and how it may affect you, such as at the time of sale or when bringing the proceeds home. I presume you are liable to tax (tax-resident) in Australia.
 

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Discussion Starter · #3 ·
Many thanks ..For your information, I'm aware about the Capital Gains Tax that will need to be paid in the UK, just not sure about Australia
 
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