Hi
I currently have 1 property in Australia.
I am considering the option of going overseas to travel for about 10 months around the world and visiting my relatives overseas.
My friend told me if I leave for more than 6 months, that means I will become a non-resident for tax purpose?
What happens to my rental income in Australia? Will it mean it will be taxed at a higher rate?
I currently have 1 property in Australia.
I am considering the option of going overseas to travel for about 10 months around the world and visiting my relatives overseas.
My friend told me if I leave for more than 6 months, that means I will become a non-resident for tax purpose?
What happens to my rental income in Australia? Will it mean it will be taxed at a higher rate?