I'm thinking ahead to possible retirement destinations and have some income from rentals (one in UK and a few in NZ). The NZ profits are taxed at 28% by NZ tax office, which is okay, but the UK one falls under the tax free threshold so no tax payable in UK (although I realise I'll have to pay tax in Aus). I can't find any info on whether or not the Australian tax free threshold applies to rental income. Meaning if I was resident for tax purposes in Australia and the income from all properties (divided between two of us) fell below the threshold there'd be no tax to pay on it, and possibly a loss to carry over from any tax paid in NZ. Or is it that rental income isn't included in the tax free threshold?