Hi All,
Keen to get your knowledge on claiming tax relief on IP in Australia against your NZ income. I currently have a variation of tax for an IP I have in Australia. I am currently resident in Australia but may move back to NZ. If I do I need to understand if I can claim the mortgage top up I am currently paying out against my income - even though my income will be in NZ.
I know that if I was receiving an income in Australia I'd need to declare it on my NZ tax return and pay tax on it so I am hoping some of you may have some experience with claiming tax relief on the mortgage top up on overseas properties.
All thoughts welcome.
Cheers,
Donna
Keen to get your knowledge on claiming tax relief on IP in Australia against your NZ income. I currently have a variation of tax for an IP I have in Australia. I am currently resident in Australia but may move back to NZ. If I do I need to understand if I can claim the mortgage top up I am currently paying out against my income - even though my income will be in NZ.
I know that if I was receiving an income in Australia I'd need to declare it on my NZ tax return and pay tax on it so I am hoping some of you may have some experience with claiming tax relief on the mortgage top up on overseas properties.
All thoughts welcome.
Cheers,
Donna
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