If I own my home then I move overseas for a few years (becoming non-resident) and rent out the house while I’m away… I can keep it as my PPOR and not pay CGT for 6 years, but can I deduct the interest on my mortgage against rental income in the meantime?
Can anyone recommend an accountant with experience advising Aussie expats, someone who’s also an investor? Preferably in Melbourne but it doesn’t really matter as long as they are comfortable working via email.
Yes you will be able to claim any interest on the existing loan as well as rates, repairs, depreciation etc.
A good accountant with experience with expats is http://www.gatherumgoss.com located in Melb.
Terryw
Discover Home Loans
Mortgage Broker
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Smethem,
Yes to your questions. If you would like more info on how non residents are treated, down load my Overseas booklet from the free publications page on http://www.bantacs.com.auJulia Hartman
[email protected]Thanks for the replies! Your booklet was most helpful Julia.
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