Singapore Expats Forum

negative gearing

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

chippie
Regular
Regular
Posts: 59
Joined: Tue, 21 Oct 2008
Location: australia

negative gearing

Postby chippie » Thu, 06 Nov 2008 5:59 pm

If you are being payed by an Australian company and paying your tax in Singapore,can you claim negative gearing for your house back in oz.

User avatar
sierra2469alpha
Editor
Editor
Posts: 1381
Joined: Tue, 27 Feb 2007
Location: Singapore (Finally!)

Postby sierra2469alpha » Thu, 06 Nov 2008 6:05 pm

Errrmmm...kind sorta maybe.....depends on your situation.

According to our tax accountants, there are elements which can be claimed assuming you have a portion of your salary paid back in AUS. Much of it actually comes down to the ATO's residency test. Note, residency from the ATO's perspective is your TAX residence status - the ATO website has a lot of info which while initially confusing, is worthwhile knowing.

I appreciate it's an honest question, but short of giving you our advice, I'd suggest you ask your accountants to work it out for you. That being said, in short, yes there are elements which can be claimed.

Cheers, P


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 4 guests