Smithers

Rental property income

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    Hello all

    we are moving out March next year and leaving behind 2 property's that will be rented out.

    would the income from this be taxable in Australia if we were to have it sent out annually and if it is

    does that mean we don't declare it in the uk?

    any advice would be very welcome

    thanks again

    stev&lesley

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    Guest Claire-n-tel

    I think it depends if you are going to be temporary residents or permanent

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    I think it depends if you are going to be temporary residents or permanent

     

    Yep. As a temp resident you don't declare it on your tax return here but as a permanent resident you do, whether you bring the money here or leave it in the UK. You also put how much tax you have paid in the UK (if any) and this is taken in to account when calculating how much tax you need to pay here.

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