LGK

Thanks Alan, that's very helpful. I will be in touch if we go ahead with buying an investment property.

Thanks Alan, we are just seeking an answer to a simple question at this stage, to determine if buying property in the UK is a viable option. If we proceed we will certainly engage a professional tax advisor. I have found from experience that the more helpful an advisor is prior to being officially engaged, the more faith I have in their committment to quality paid service.

Thanks Both, Alan are you saying we could offset the loan repayments, and other expenses, against the rental income and only pay tax in Australia on the remainder or, if expenses are more than the rental income. negatively gear this towards our tax on earning in Australia?

We're permenant residents living in Sydney. We have savings in the UK that we'd like to use to buy an investment property there. Does anyone know what the tax issues are to receiving UK rental income while living in Australia? Will we be able to use the negative gearing and capital gains tax concessions that people who own investment properties in Australia enjoy or will the rental income just be classed as non specified foreign income and taxed at our normal rate of tax? thanks