Hi,
I am asking this question on behalf if my sister.
She is an Aussie, but has a british passport and is currently living and working in UK.
Her and her husband have 3 IP in Oz and are looking to buy another in Gladstone.
They are planning on moving back to Oz in appx a year.
Can she claim losses from rental etc.. against her UK income?
OR
Can she claim the losses against income after she has returned to Oz to work? Kind of like how it works with shares?
Any other tax information for this situation would be greatly appreciated.
Cheers
I am asking this question on behalf if my sister.
She is an Aussie, but has a british passport and is currently living and working in UK.
Her and her husband have 3 IP in Oz and are looking to buy another in Gladstone.
They are planning on moving back to Oz in appx a year.
Can she claim losses from rental etc.. against her UK income?
OR
Can she claim the losses against income after she has returned to Oz to work? Kind of like how it works with shares?
Any other tax information for this situation would be greatly appreciated.
Cheers