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Tax in Australia on UK Rental Property – Depreciation as a Tax Deduction

Background As a general rule, Australian resident individuals who invest in a rental property located outside Australia are assessed to tax in Australia on the net rental income in a similar way to rental income that is received from an Australian rental property. Note: Australian resident individuals who hold a temporary residency visa are usually …

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UK Budget 2014: Issues of Importance to Non UK Residents

A couple of items from the Budget Press Releases are worth noting by those who are living in Australia: > Personal allowances for non-residents: “To ensure the UK personal allowance remains well targeted, the Government intends to consult on whether and how the allowance could be restricted to UK residents and those living overseas who …

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