Adropro replied to the topic Overseas property depreciation rules in the forum Overseas Deals 12 years, 2 months ago
To clarify, I meant: if an Australian tax resident (not temporary tax resident) has income from a foreign rental property, must they always use Australian capital works and capital allowance (AKA depreciation) rules to make claims in their Australian income tax return?
Whether the 'money' is kept offshore is irrelevant to an Australian tax…[Read more]