moving money back to uk

[Guest anoh]

Hoping to pick some brains! We arrived in october and transferred the sale of our house ( sold a few years previously ) to aus a couple of months ago as we feared the pound was going to plummet even further. Now it seems its going the other way! If we transferred it back would we be liable for capital gains tax if we brought it back to oz at a later date? Feel in such a pickle as we are in our mid fifties with small pensions and finding work ( oh teacher ) in adelaide seems almost impossible so rental for a long time would be expensive. Think we might have to return back to cairns where good amount of relief teaching.

[sidestep]

Rather than ask here you should consult a professional in these matters and/or ring the ATO direct on 13 28 69 and ask. Also take a look at http://www.ato.gov.au/corporate/pathway.aspx?pc=001/01/038