[katandbob]

Hi, I have been trying to search for info on what happens regarding tax on your money transfered from the UK...any help please

we will be selling our house in 6 weeks(fingers crossed)
obviously the ugly fat gordo will take his slice here!

but will we get stung again in NZ when we move out next year?

and what rate?

thanks in advance for the help.... :cheers Kat

[GeorgeM]

If you're selling your primary residence (i.e. not an investment property) then there is no tax to pay in the UK, I believe, (apart from the VAT which will attach to any estate agents fees, moving etc etc).

And when you then bring those funds out to NZ there is no tax to pay either.

Sounds too good to be true, doesn't it?

[katandbob]

If you're selling your primary residence (i.e. not an investment property) then there is no tax to pay in the UK, I believe, (apart from the VAT which will attach to any estate agents fees, moving etc etc).

And when you then bring those funds out to NZ there is no tax to pay either.

Sounds too good to be true, doesn't it? :nice1


I hope your right - I'm dying to ask the accountant at work.........but Cant as they dont know a thing about us leaving :laugh


keep my fingers crossed then

kat

[Jo and Andy]

We are having to pay Capital Gains of the house we have just sold, as it was our first house we ended up renting (because of negative equity), not made us a nice profit.

Will we have to pay anything again in NZ, (I suppose we won't have to pay the CG until next year though tax years and all that).

How early do you tell the tax office that you are leaving?