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  • Profile photo of DogbertoDogberto
    Member
    @dogberto
    Join Date: 2007
    Post Count: 3
    May 14, 2007 - 2:52 am

    Hi Guys,
    Thanks for the information you have provided.
    I have been reading about tax issues on ATOs website. It says that any loses on foriegn investments can only be offset against foriegn income of similar kind. You are not able to offset it against aussie income. So if you only have say 1 investment property, then does this mean that your expenses can only be deducted against the rental income from that property.
    Lets say the property rentals is $12,000 pa. The total costs including interest, insurance, rates etxc is $15,000pa. So you are making a loss of $3,000. Does this law mean that the whole $3000 will come outof your pocket?

    Cheers
    Dogberto

    Profile photo of DogbertoDogberto
    Member
    @dogberto
    Join Date: 2007
    Post Count: 3
    May 3, 2007 - 1:40 pm

    Hi ugez009,

    Are you able to qualify for first home buyers grant even though you already own a property in UK? I am thinking of buying a place in NZ and little further on one in Sydney. I am wondering if I would be able to get the grant for the Sydney property (which I will buy after I have bought the NZ property).

    Cheers

    Dogberto

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