So I've begun the process of moving back home (Isle of Man) after 11 years in Australia. I've mostly enjoyed my time here, traveled a fair bit, lived in different places but nothing quite feels like home, I even moved to the Snowy Mountains in NSW to get the snow!
I miss the closeness of everything in the UK, miss my family (I have none here), I miss greenery and deciduous trees (this is a weird one I know)
I'll hopefully have citizenship this year, been through the test just awaiting approval and ceremony, so I know I can come back if I want. My partner is Australian and is getting quite stressed about the whole thing, he's only ever moved once and that was only 500kms. I'm trying to reassure him that it will all work out but it's difficult.
We have just purchased an investment property here and as we won't be here we can't reap the benefits of depreciation on it, not unless we come back, this is stressing him big time.
Has anyone else got and intend on keeping property here when they move back, or have moved back? I know the tax system is different on the IOM but is there any way of claiming losses on an overseas property? It is fully mortgaged so it won't be giving us any income for quite some time, if ever, it's only for long term gain.
So so much to think about