Australian law does recognise a will that has been prepared in another country and therefore Australian assets could be dealt with together with your English assets under a carefully drafted English will. However, it is usually recommended to make a separate Australian will dealing with your Australian assets.
Can I move to London from Australia?
Yes, Australians can live and work in the UK. First you need to determine whether you can get a UK passport or what visa will allow you to do so. Here are the most common visas Australians move to the UK on: Tier 5 Youth Mobility (age restricted to between 18 to 30)
Can foreigners inherit property in Australia?
Technically, Australia doesn’t have an inheritance tax, but if you are the non-resident beneficiary of an Australian estate, there are special capital gains tax rules which can have much the same effect as an inheritance tax, and need to be very carefully considered in any estate planning.
What is it like to move to London from Australia?
Australians moving to London, Ms Vardakas said, should be aware that rent takes a larger portion of the weekly wage. “In saying that,” she said, “it adds to the culture that is London – events centred around art, culture and diversity.”
What happens to my property when I return to Australia?
Generally, with the exclusion of Australian Real Property (such as your personal residence), taxpayers are deemed to have ‘disposed’ of all worldwide assets at market value, the day they are no longer an Australian tax resident – effectively imposing tax on unrealised gains.
Can a US citizen move to the UK?
But in case you didn’t know: a US citizen cannot live in the UK without a visa. Any American moving to London will need to obtain a visa–usually from within the US–which can take weeks to months depending on the circumstances.
Do you need a job to move to London?
Moving to London from any country is a huge move. You might have an overseas job posting that requires you to move here, or perhaps you want to attend university.
