Computer (*) says
Q: I live in Australia and pay taxes there. I have sold a house in Great Britain. Will I have to pay tax? Will I be able to claim the 50% discount on Capital Gains tax in Australia?A: As an Australian resident for tax purposes, you are generally required to pay tax on your worldwide income, including any capital gains you make from selling assets overseas such as your property in Great Britain.
In Australia, capital gains tax (CGT) is levied on the sale of most assets, including property. However, the good news is that if you held the property for more than 12 months, you may be entitled to a 50% discount on the capital gain you make. This is commonly known as the CGT discount.
To calculate your capital gain, you would need to subtract the cost base of the property (i.e., the original purchase price plus any associated costs such as legal fees or stamp duty) from the sale price. If the resulting amount is a positive figure, you have made a capital gain.
You can then apply the 50% CGT discount if you have owned the property for more than 12 months. For example, if you made a capital gain of $100,000 and owned the property for more than 12 months, you can apply the discount, which reduces the taxable amount to $50,000.
However, you may still need to pay tax in Great Britain on the sale of the property, depending on the tax laws there. It's important to consult with a tax professional who is knowledgeable about the tax laws in both Australia and Great Britain to ensure that you are complying with all relevant tax laws and regulations
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https://openai.com/blog/chatgpt(*) Reference to Little Britain