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PR after 2 years as resident sells house in country of origin. Proceeds from the sale remitted to Australia, would it be taxed ?

2 Answers

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  • 5 years ago

    In sufficient information. Selling a house doesn't necessarily create a tax liability. The difference between the sale price and the original purchase price is generally where any tax calculation START.

  • Sienna
    Lv 7
    5 years ago

    If it was, it would be as capital gain.

    It would be if he were a resident the entire time, and it wouldn't if he weren't.

    So my guess isb hat it would be taxable from the time he was a resident.

    But why not ask an accountant? I'm just a heroic legend with a big dìck, not an accountant.

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