rich_99 replied to the topic Investing in the UK in the forum Overseas Deals 13 years, 8 months ago
Hi all – as far as I am aware if you are living in Oz then you pay your tax in Oz – therefore deductions for interest part of mortgage on UK property work exactly the same (by the way they do allow most of the same tax deductions in the UK as they do here). As far as tenants rights I can see no difference in them compared to Oz.Getting a lendor…[Read more]
rich_99 replied to the topic Tax Deductible Expenses in the forum Legal & Accounting 13 years, 8 months ago
Thanks Dan and Luke – I own a number of IP's in the UK and just moved to Oz so wondering about claiming 1 trip per year back to the UK to perform annual maintenance/inspections on the properties I own plus buy an additional one or two properties each trip…….I guess I can deduct against the properties I already have which means I still get the…[Read more]
rich_99 replied to the topic Tax Deductible Expenses in the forum Legal & Accounting 13 years, 8 months ago
Hi all – how about travel expenses to 1) source new properties, and/or 2) provide ongoing management of propertyAre these deductible against rental income?Cheers Rich