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Junior Member
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Hi Alan
I am already a resident of WA and both my wife and I have UK pensions. We are looking at the possibility of using a Sipp to purchase a buy to let investment of even paying off our existing Oz mortgage thereby releasing capital to buy an investment property. Is any of this feasable? I understand hat we would be paying any rental income (from us or tennants) into the Sipp and that we would not get any of the CGT benefits etc as we would in the UK. The idea is really to benefit from significant gains in capital growth in property currently being experienced here. Also rentals are considerably lower than the cost of mortgage payments and therefore we could save on interest payments and or negative gear our local income tax against 'losses' made on the possible second property.

Any comments?
Cheers
 
Posts: 1 | Registered: 03 May 2006Reply With QuoteEdit or Delete MessageReport This Post
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