Originally Posted by pogsy

Hi windsurfer,
I am not sure but I was told that if you are non resident in the UK for a whole tax year then you are allowed to take up to £9,000.00 tax free from a UK point of view, not sure about the oz side of things, but why not have the rent paid into a UK account linked with a visa card you can use in oz and have paid on d/d from the rental income and just dont tell the oz tax people.
Regards Rob

Originally Posted by Bix

This is the site you need for the UK tax form.
http://www.inlandrevenue.gov.uk/cnr/nr_landlords.htm#2
I am just making it out myself.

Although I now live full time in Aus I believe as a subject of the Commonwealth I will be eligible to a UK personal tax allowance.

My only UK income will be rental funds and those will probably not fully cover my mortgage and insurances especially if as a landlord I have maintenance and upkeep bills coming in on my property.

I am renting in Aus so my UK house although rented out is still classed as my main residence. My understanding is that the 6 month rule for Aus taxation would only kick in from the date I sold the house. Tax would be assessed on that sales value against any gain (or loss) when actually transferring the funds to Aus at a later date.

BTW, don't forget to claim a tax rebate when leaving the UK.

Originally Posted by Grayling

That has confused me

I understood that I would recieve tax credits from the UK and then pay Australian tax on my pension etc.

Are you suggesting that I will only be liable for Australian tax on the amount above the usual personal UK tax allowance...and still recieve the first $6000 as a tax free allowance in Australia as the ATO does not tax the first $6000 income?

G

Originally Posted by andy thomas

Bix, there has been talk of a new ruling by the ATO, in your case the period of exemption from the tax on any gain from the sale of the property after you arrive in Australia is increased from the initial 6 months to something like 6 years.

Originally Posted by Alan Collett

So long as there is no other dwelling that is owned and considered to be the taxpayer's main residence ...

Best regards.

Originally Posted by Alan Collett

So long as there is no other dwelling that is owned and considered to be the taxpayer's main residence ...

Best regards.

Originally Posted by Paul and Chloe

So does that mean that if we keep our house in the UK and rent it out and buy another house in Australia that we would be liable for capital gains tax when we eventually sell the UK house? If so would this just be on the "gain" made on the UK house since the Australian house was purchased?

Thanks

Paul

Originally Posted by Paul and Chloe

So does that mean that if we keep our house in the UK and rent it out and buy another house in Australia that we would be liable for capital gains tax when we eventually sell the UK house? If so would this just be on the "gain" made on the UK house since the Australian house was purchased?

Thanks

Paul