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yeah, it sucks *** that UK income is taxed. But the pound is crap compared to the AUD so at least my income here wont add to much to my australian tax. Plus, I did a few months of travel before I started work, and will do a few months more when I leave, so it will average out to be a pretty low...

I am also interested in this. Myself and my wife both own I.P's in Oz, but we are currently living in London. We are only over here for 12 - 18months, so we will still have earned an australian income in the two tax years. But from what my accountant told me, we can just carry the losses forward...