Aussie Property- We have the Questions you ask and all the Answers
Q. I have heard that I should put in money to my Australian Superannuation before June 30, is this something that I should do?
Q: We are hoping to emigrate to the Australia so we'll be selling our house, , but I'm unsure if either or both the UK or Australian Taxmen can take a cut of this money, or will we be able to take it all into Oz Tax free to help us start our new life?
Q. I need to transfer some money back to Australia, but I am worried that it might be taxed in Australia?
Q. I have moved overseas to work and still owe some of my HECS Debt, should I pay it off?
Q. We bought a home in Singapore during our time here, but are now heading back to Australia. Do we have to pay tax on this property in Australia?
Q. I’m getting nervous about Australia’s rising interest rates. Should I switch my loan from variable rate to a fixed interest rate?
Q: My wife and children have moved to Australia for schooling purposes but I will remain overseas. If I send them money each month for living expenses will this be taxable?
Q. I have some term deposits in Australia that earn interest, do I have to declare them in my tax return and how much tax will I have to pay?
Q. I have just inherited a house in Australia, do I have to pay any inheritance tax or estate duty?
Q. I heard the Australian tax rates have been reduced recently, is it worth heading back to Australia yet?
Q. I want to buy a property in Australia and it will be the first property I have bought, is it possible to get the First Home Buyers Grant while I am living overseas?
Q. I am keen to buy my first property in Australia, but I have heard that I need 20% deposit, it could take a while for me to do this, is their any other alternative?
Q. I have heard there is a “Land Tax” on my property in Australia, do I have to pay it?
Q: I recently sold some shares in Australia, do I have to pay tax on my profits?
Q: I have been offered an “interest only” repayment on my Australian property loan, is this a good idea?
Q: I’m heading back to live in Australia soon and am afraid my savings will be taxed when I return. Should I sell my investment portfolio before I go back?
Q: I am considering buying my home in Australia that I will live in when I return, is this a good idea?
Q: My property agent has suggested that I spend some money and renovate my apartment, is this a good idea?
Q. I have a loan on my Australian property from a bank in Singapore, is this tax deductible for me in Australia?
Q Is it possible to buy a second home or holiday home in Australia but have your main home in the UK? I’d like to invest in a beach house in tropical Queensland and use it for a couple of months a year, then rent it out in my absence. What are my options and what are the procedures?
Q. We recently bought a house in Australia that we plan to move into on our return home. If we sell it in the future, will we need to pay Capital Gains Tax for the years we lived outside Australia?
Q. I’ve heard that lots of Australian property is sold at auction. How does this work do you have to have all your surveys and condition reports done for the houses you like before you even attend the auction? Or is a successful bid conditional on a satisfactory condition report? The idea of putting a bid on a house without knowing anything about it, and then being bound to the sale even if the roofs falling in, fills me with horror.
Q: We moved to overseas last December, do we need to lodge an Australian Tax return?
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