We bought a house in Australia with the intention of shifting over from NZ to be closer to family. We initially rented out the home
and thought that we would shift, gain employment and then be able to claim tax back for our losses and depreciation. The ChCh earthquake happenened and our house in NZ was severely damaged. We are still waiting for a solution five years later. I am past retirement age but still working in NZ. Is there any way we can obtain the Australian tax money? We still intend to live in Australia but most likely for 6 months every year. Can we keep the original property and buy another house in Australia negative gearing until our home is saleable in NZ? We seem to be between a rock and a hard place.
and thought that we would shift, gain employment and then be able to claim tax back for our losses and depreciation. The ChCh earthquake happenened and our house in NZ was severely damaged. We are still waiting for a solution five years later. I am past retirement age but still working in NZ. Is there any way we can obtain the Australian tax money? We still intend to live in Australia but most likely for 6 months every year. Can we keep the original property and buy another house in Australia negative gearing until our home is saleable in NZ? We seem to be between a rock and a hard place.
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