Sulac Posted July 21, 2015 Share Posted July 21, 2015 Hi there guys, It's that time of year when we have to submit our tax return. We have a house in England which we are renting out and one of the questions the accountant has asked is whether we have any rental properties. Do we need to declare this if it is in the Uk and we have declared it back there? Sorry still fairly new to Oz.:cool: Regards Sally Link to comment Share on other sites More sharing options...
Bungo Posted July 21, 2015 Share Posted July 21, 2015 It depends on your visa whether you have to declare it or not? Are you on a 457? Link to comment Share on other sites More sharing options...
Sulac Posted July 21, 2015 Author Share Posted July 21, 2015 No we are on PR here....so what do you suggest? Link to comment Share on other sites More sharing options...
Bungo Posted July 21, 2015 Share Posted July 21, 2015 No we are on PR here....so what do you suggest? So then yes they need to be declared on your Australian tax return as well as your UK one. If you paid any tax in the UK then you also declare this on your Australian tax return and you get credit for that so you don't psy tax twice. Link to comment Share on other sites More sharing options...
Marisawright Posted July 21, 2015 Share Posted July 21, 2015 What Bungo said. Link to comment Share on other sites More sharing options...
Que Sera Sera Posted July 21, 2015 Share Posted July 21, 2015 Hi there guys, It's that time of year when we have to submit our tax return. We have a house in England which we are renting out and one of the questions the accountant has asked is whether we have any rental properties. Do we need to declare this if it is in the Uk and we have declared it back there? Sorry still fairly new to Oz.:cool: Regards Sally If you have an accountant then why not ask them? That's what you pay your money for after all. Link to comment Share on other sites More sharing options...
rammygirl Posted July 21, 2015 Share Posted July 21, 2015 You will need to declare all your worldwide income in Oz, any UK bank interest too, including any ISAS. If you have paid any tax in UK that will be set off against the Oz tax, so you won't pay twice. Link to comment Share on other sites More sharing options...
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