All Topics / Legal & Accounting / Implications for non-resident buying property

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  • Profile photo of UK_kiwiUK_kiwi
    Member
    @uk_kiwi
    Join Date: 2004
    Post Count: 1

    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,
    Tony

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi 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.

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627
    Profile photo of JuliaJulia
    Member
    @julia
    Join Date: 2004
    Post Count: 217

    Uk 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

    Profile photo of SiboSibo
    Participant
    @sibo
    Join Date: 2003
    Post Count: 126

    ?damn straight?

    Regards,
    Si

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