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Old 07-07-2006, 11:44 PM   #1 (permalink)
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Renting house in UK - tax

Does anyone know the tax implications of renting our house while we settle in Aus?

Tried looking on customs site but totally confused - are we exempt from tax or do we get taxed in Aus?

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Old 08-07-2006, 12:46 AM   #2 (permalink)
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You can fill in some forms for UK tax to be exempt, in UK, and then just declare any profit after all expenses, in Australia.

If you do pay UK tax, you still declare in Australia, but have UK tax allocated, so you pay any difference in Australia.

UK Exempt makes it easier.
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Old 08-07-2006, 07:48 PM   #3 (permalink)
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Thanks makes it seem a bit simpler.


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