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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Change in tax law: losses on UK property rental now deductible in Australia
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Change in tax law: losses on UK property rental now deductible in Australia|
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Member |
Given the present housing market in the UK, I'm sure this will be of interest to a few migrants:
http://www.gomatilda.com/news/article.cfm?articleid=463 Best regards. Alan Collett alan-at-gomatilda-dot-com Registered Migration Agent Number 0102534 Fellow of the Institute of Chartered Accountants in England and Wales Member of the Institute of Chartered Accountants in Australia http://www.gomatilda.com and http://www.collettandco.co.uk Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia |
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Junior Member |
Hi Alan - thanks for the insight, however my understanding was that you would declare your foreign tax income from rent(less costs and depreciation) as foreign investment income - but the mortgage interest is declared separately as a debt deduction elsewhere in the tax return. Clearly if you had losses before mortgage interest then the change in legislation is excellent news.
Can you confirm this is the correct treatment Many thanks Peter |
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Member |
Not here I can't.
If you would like formal assistance with your Tax Returns please feel able to contact me off forum. Best regards. Alan Collett alan-at-gomatilda-dot-com Registered Migration Agent Number 0102534 Fellow of the Institute of Chartered Accountants in England and Wales Member of the Institute of Chartered Accountants in Australia http://www.gomatilda.com and http://www.collettandco.co.uk Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia |
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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Change in tax law: losses on UK property rental now deductible in Australia
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum Change in tax law: losses on UK property rental now deductible in Australia© The Go Matilda Trading Company Limited 2002
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