BobbyFowler
Registered User
- Messages
- 328
Myself and my wife moved to Australia 3 years ago and are currently undergoing a Permanent Residency Application. This should be granted in the next few weeks. We own 2 houses in Ireland. Both houses have been rented out since we moved here. Neither mortgage is covered by the rent we get. Australia has a scheme around negative gearing. With this we can offset losses on our rent shortfall against our tax. This can only be done by Permanent Residents. If we were to avail of this we'd have to declare both properties here in Australia. Can anyone explain the tax implications from an Irish point of view if we were to go down this route? I'm going to do some research on this end as to the Australian Tax implications. Thanks.