Hello,
I am Australian permanent resident, live and work here. Four years ago was thinking of coming back and living in my country of origin -Lithuania and for this reason bough apartment there (share parts with my sister and brother in law-on the contract we all owners). The reason why we decided to go share parts - by myself I was not able to buy. Today we wanting to sell property ( it did not generate any income, when I would go and visit family would stay there). As we wanting to sell property we will get taxed CGT there as we did not keep property for 10 years as per Lithuanian tax laws, my question is will I get taxed transferring money (leftover) to Australia to use for my house deposit? My sister and brother in law would be happy to gift their part of profit made from the sell (what is left after we will be taxed in Lithuania).
thank you.
265 views
1 replies