Hi all Became PR in September and was previously on a 457 visa. Do I start to calculate my rental income and deductions from the date I became a PR or at start of tax year ? Also I purchased landlord insurance at the start of the tax year before I became a PR can I claim this as a deduction ? Sorry if these are real newbie questions but it's all confusing to me :-(

Everything should be pro rata from the date you became PR.

Should have added that since you now have foreign income to declare you should file a tax return for the tax year to 30th June 2010 showing your foreign income and deductions.

Damn! Ignore last comment if you meant Sept this year. Doesn't pay to try answering questions before that first cup of coffee!

Cheers Paddy