I am thinking of emigrating to Adelaide later in the year from the Uk and have a number of tax questions and was wondering whether anyone can help:
1) For investments held in the UK - I understand these are valued on date of emigration - do they also get translated into Aus dollars on this date or does the translation only happen when you sell the investment - ie is the gain or loss calculated in sterling and then translated or are the cost and sale proceeds at different exchange rates ?
2) For your main home in the UK - is it right you have 6 years to sell this or if sooner the purchase of a house in Oz before it becomes a taxable investment ?
3) My husband is Australian and he has lived in the UK for 10 years - he had some shares before he left Oz. Do these get revalued at the date we return to Oz?
4) ISAs - how are these treated for tax purposes in Oz?