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Sharyn M.
Sharyn M.
Oxenford, QLD
1 Likes
0 Followers

I work overseas and live overseas more than 6 months a year. I want to take a loan from overseas to buy a house in Australia do I pay tax on the capital or just interest earned if any?

7 years ago

Responses

HI Sharyn,

If you take a loan from Overseas and then use that to invest in Australia you will not pay tax on that Loan. In fact, I assume you are paying interest on that Loan overseas? This will be deductible.

The rental income from the property will be Taxed in Australia less any allowable deductions.

Hope this helped.

If you need anything email

aj@shuriken.com

AJ

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