Hi,
Has anyone done something simmilar that they might be able to share their thoughts.
I have an IP in Australia that will be rented (negatively geared) whilst Im living overseas, therefore I'll be classified as a non resident of Australia.
Will I be able to claim all my losses from the IP over many years while Im away then use these accumulated losses to offset income when I'm back in Australia? or alternatively can i claim these losses against income earned overseas where I will be deemed a resident?
Any suggestions on how best to go about this would be much appreciated.
Has anyone done something simmilar that they might be able to share their thoughts.
I have an IP in Australia that will be rented (negatively geared) whilst Im living overseas, therefore I'll be classified as a non resident of Australia.
Will I be able to claim all my losses from the IP over many years while Im away then use these accumulated losses to offset income when I'm back in Australia? or alternatively can i claim these losses against income earned overseas where I will be deemed a resident?
Any suggestions on how best to go about this would be much appreciated.