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ggumpshots, I've only worked in countries that have DTA's with Australia (South Korea, Netherlands and Singapore), so have always paid tax on my income (wages) in the country that I was living in and had no tax liability in Oz for that foreign income. In line with the subject of my earlier...

I had made an edit, but failed to send it somehow:( The point I was trying to highlight was that PWC had advised that foreign income can be applied against cashflow losses on your Oz IP to effectively wipe out (fully or partially) your cashflow loss. This was news to me as I had...

ggumpshots, Sorry if my post was not clear. In my case I was only referring to the issue of residency or non-residency for tax purposes whilst living overseas. Hope that's clear. Rgds,

Carried Forward Loss issue wrt Residency Status and Foreign Income Thanks Alexee for an interesting post. I'm in the process of having my status changed (and resubmitting 4 years of returns) from res to non-res as I've been overseas for around 6 years and based on advice from PWC, non-resid is...