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Moving back to England
marvinsnowdog
Posts: 1 Newbie
6 years ago I moved to Austria I took the proceeds my house sale and bought a property over there, I have now returned and have sold our home in Austria and need to transfer the proceeds to back to England . I have not increased my money .but don't know what my tax obligations are. The government website is unhelpfull so any advice would be great.
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Comments
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I'm no expert, but I think you don't have any obligations in UK as you aren't a resident here (yet)0
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Maybe better to post this on the Save Tax forum.
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You first have to establish when you became UK resident, and see whether the sale of the property in Austria took place when you were resident in the UK. The UK taxes worldwide capital gains of UK residents, and you would have to compare the purchase price in sterling at the date you bought it with the price in sterling when you sold it. However, if the property was your main residence throughout your ownership, any gain would be exempt from tax.0
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