All Topics / Legal & Accounting / Implications for non-resident buying property
Hi,
I’ve dual Australian & NZ nationality (makes it tough for trans tasman rugby matches!), and am now living in the UK, but want to buy (Buy & Hold strategy) in Australia where we intend to return and settle one day.
Keen to hear your thoughts/advice on:
a) tax implications for non resident owning property
b) tax rates/fees etc we should anticipate buying
c) any capital gains considerations
d) any of your own experiences on companies that can help, or traps to avoid.Any thoughts welcome!
Thanks,
TonyHi Tony,
You are asking specialised questions and I therefore suggest you do a browse through the ATO website for some more definitive answers.
http://www.ato.gov.au and do a search on the very questions you are asking.
Derek
[email protected]Read my comments? Think I can help you? PM or email me.
Go here:
http://www.firb.gov.au/content/real_estate.aspRgds.
Lucifer_auUk Kiwi,
Go to http://www.bantacs.com.au to the Newshflash Booklets and down load a free copy of the overseas booklet for some answers damn straight.
Julia
?damn straight?
Regards,
Si
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