I'm a Permanent resident, mid 20’s, no dependants and no long term plans to stay here in Oz or head back to UK, currently undecided. For time being I'm not making the most of my savings, which are in an account earning little interest. Considering buying a UK property as an investment to rent out. I’d try to deposit around 25% and mortgage of around 75%, if possible to do so.
When it comes to Australian tax I understand I would need to declare any profits for tax due. Would loses/costs be eligible for tax deductions?
Is there any UK/Australian tax issues that may arise if I ping and pong between Australia and UK?
Or perhaps I should consider alternative investments to UK property?
I'd be interested to hear your views, thanks.