Tax situation when renting an Australian property whilst residing in the U.K
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Tax situation when renting an Australian property whilst residing in the U.K
Hi,
Just a quick question. What would my tax situation be if I returned to the U.K to reside and rented out my property here in Australia? I have dual U.K/Australian citizenship if that makes any difference. Would I be subject to a higher Australian taxation rate on the rental income because I reside outside of Australia? I would love to hear from anyone in a similar situation.
Cheers
mjj
Just a quick question. What would my tax situation be if I returned to the U.K to reside and rented out my property here in Australia? I have dual U.K/Australian citizenship if that makes any difference. Would I be subject to a higher Australian taxation rate on the rental income because I reside outside of Australia? I would love to hear from anyone in a similar situation.
Cheers
mjj