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  • Profile photo of rich_99rich_99
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    @rich_99
    Join Date: 2011
    Post Count: 3
    March 10, 2011 - 3:13 am

    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 may prove more difficult unless you pay a higher rate and go with an ex-pat mortgage provider

    Profile photo of rich_99rich_99
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    @rich_99
    Join Date: 2011
    Post Count: 3
    March 3, 2011 - 3:46 am

    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 deduction.

    Profile photo of rich_99rich_99
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    @rich_99
    Join Date: 2011
    Post Count: 3
    March 3, 2011 - 2:57 am

    Hi all – how about travel expenses to 1) source new properties, and/or 2) provide ongoing management of property

    Are these deductible against rental income?

    Cheers Rich

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