I will be working overseas for the next 2 years. I have a property at home making me quite a loss. Can I not claim some off the losses until I get back to Australia and start paying tax again?
It depends if you are paying tax in Australia. If you are working o/s, then unless you have other income in Australia, then you won’t be paying tax here, so there is nothing to offset. The loss from the property can be carried forward so when you do come back you can then offset the accumulated loss from your income then,.
Terryw
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