Here goes my first post on PT after reading a lot here a few years ago.
So... Long story short, I live in Wellington and own a home which I currently live in. A job opportunity which was too good to pass up has come up in Australia so I'll be moving there soon, and renting my house while I'm away. This will be a 12 month contract initially but hopefully it will turn into 3-4 years.
The question I have is what is the best way to do this? I expect a couple of hundred dollar shortfall between rent and expenses, which I would ideally like to offset against my tax. I have read a little bit already but won't pretend like I know much. I read somewhee it is possible to pay tax on your Aussie income in NZ, which would seem like the way to go?
Any advice would be greatly appreciated, and don't hesitate if there is any more info you require.