Dimitri Z
Joined: 10/19/2024
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CGT on Primary Property Sold 1 Year After Moving Overseas
Dear Sir/Madame, I bought my primary residence in London in 2012, and started an all British family. We are moving to Australia in November and I want to wait a year before selling London home (to ensure my wife and children are happy with the relocation). Noting the 9 month allowable period to avoid CGT on a PPR, how much will selling after 12 to 15 months “cost” me in CGT? ie do I give up all the CGT waivers just because I intend to sell a few months after the 9 month deadline? (I am dual citizen: Greek and Australian) I hope this question helps others. Many thanks, Dimitri