ntowler

Thanks to all for the replies, but it is the point of whether I can 'use' my carried over loss to wipe out this year's profit - so far the UK tax office says overall I have made no profit yet, hence not liable for tax... Last year I could not claim my loss against Oz tax and this year I made a profit... Do I need to declare that profit even though I'm still in overall loss? Like Fensaddler I'm not on a very favourable rate, and I had to pay for some hefty repairs to get the place ready for renting, and it was empty most of the first year, hence the loss, now it is in profit, but on that business - as the tax office in UK see it - I'm still running a loss, just worried the ATO will not see it that way and hit me for tax. Cheers Neil

Hi, I imagine a lot of people still have their UK house and rent it out while in Oz, so I hope someone can give me a bit of advice. My house in the UK made a loss over the first year, so no profit to pay tax on in the UK or Oz, good so far. Last year I did make a profit, but not enough to offset the previous loss, so no UK tax liability again... However, can anyone advise... For my Aussie tax return, do I need to declare the profit I made this year - even though I have not made an overall profit from that 'business' or is it my tax liability from the UK that I need to declare? I think at current rates it will be a couple of years before the loss is exhausted so this is something I will need to deal with for a while... If anyone can give me some clear advice that would be great, else can anyone recommend a tax advisor in Melbourne (City or eastern burbs prefferably) who has helped them with this, that would be next best. I have a BN136 Permanent Resident visa and I'm resident for tax purposes. Thanks for reading my post. Neil

Hi, I'm a bit of a DIY Dave and have ammassed a small arsenal of plumbing and electrical fittings etc. I was wondering if anyone can telll me if the UK sizes and threads for elbows, traps, unions, sockets etc will be any use down under? Cheers, Neil.

Thanks Spotter.

Hi I was just wondering if you did use Hamilton's through Moving Partnership? I have had a competitive quote from them, and the guy seemed clued up on the phone... Tempting, so would be nice to get some genuine feedback on how they perform. Thanks, Neil.