Australians and cpital gains
I have a client who is an Australian national. She has lived and worked in the UK for 15 years and has now decided to return back home to live in Oz with her British husband and children.
She has owns rental property, not her prime residence, that she will be hoping to sell. She has been told, by other Aussies, that since she is returning home she will not be liable for any CGT on the gain made on the sale of her rental property.
I have been unable to verify this so far, so please can anyone either advise me or, alternatively, point me in the right direction to obtain the advise I need .