All Topics / Legal & Accounting / Living working overseas but has aust rental income

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  • Profile photo of hugoismydoghugoismydog
    Participant
    @hugoismydog
    Join Date: 2011
    Post Count: 17
    March 31, 2014 - 12:24 pm

    Hi guys,

    Im considering living & working overseas but am confused about taxes if you still have rental income. 

    How does it work with that status? 

    Tq

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 1, 2014 - 11:25 am

    If you are a resident for tax purposes then no change.

    If you are a non resident there are big differences. No tax free threshold and the rates start at 30%+. You would also lose the 50% CGT discount.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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