Selling Overseas property and transferring funds to Australian Bank account

 Author: NikkiATO(Community Moderator)Community Moderator

3 Nov 2025

Hi @SMS,

You won't need to pay tax on transferring money from your overseas personal bank account to your Australian account. The transfer itself isn't considered income.

However, if you're an Australian resident for tax purposes, you'll need to consider capital gains tax (CGT) on the property sale. If the property was your main residence before moving to Australia and you haven't used it to generate income, you may be eligible for the main residence exemption.

Any interest you earn on the transferred money in your Australian bank account will be taxable income that you'll need to declare.

Check out our article on working out your tax residency for more details on how this affects your tax obligations.

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