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Thanks for the advice everyone. I’m planning on buying a place here in the UK which i believe will further affirm my status as a non-resident of OZ. I will check with my accountant when i do my oz tax return next month to ensure i am registered as a non-resident.
I have some extra cash in oz that i was planning in dumping into my oz investment property mortgage to reduce the interest, however i now think it would be better to pay the property off slowly. Its currently approximately zero geared so i shouldnt pay much tax on it. If i pay off some of the loan, the mortgage will be positive geared and i believe i will pay 30% tax on any income i make after expenses. Any thoughts?
DD – you mentioned that you qualify for an ex-pat tax break, what is this?
Melbear – Where on the bantacs site is this covered? I couldnt find anything.
regards
Russ