I hope someone can assist. I'm an expat, pay no income taxes & have 2 IPs in Australia. I just bought a 1 yo apartment in Darwin that will attract a good level of depreciation. As I pay no taxes except on rental income and expenses and revenue basically cancel each other out can this be deducted later when the property is sold or it will get rolled over as a future income tax deduction?
Does anyone know what happens in this case?
Cheers
Craig
Does anyone know what happens in this case?
Cheers
Craig