澳洲Australia property nz property | Sydney
在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m
I was wondering , can you claim for deductions on an ip in NZ, for tax purposes here in australia. A friend of mine has a ip in NZ. He is from there but in currently living and working in Aust.
If your an Aussie tax resident you have to include your overseas rental properties (held in your name) on your personal Australian income tax return.
If the property is a loss you can use it against your Australian income to reduce the tax you pay. Also an Australian tax resident owning a NZ investment property can claiming building depreciation on their Australian tax return. Interestingly if you are a NZ tax resident you cannot claim building depreciation on your NZ tax return.