Say, I am an Australian resident and due to a work agreement I went overseas for
ID: 2509062 • Letter: S
Question
Say, I am an Australian resident and due to a work agreement I went overseas for a period of 2 years and rented my house in Australia for 2 years. While I was overseas I leased a house on the overseas country which made me a non redisent for tax in Australia. My question is, what tax liability would I have for the house im renting in Australia (Which is still my house and I am planning to go back in 2 years time)?
Please if you can, answer in detailed terms, Im finding this question quiet difficult to understand.
Thank you
Explanation / Answer
even though you are became non resident due to work agreement,you earned income from houe property from australia and you have to pay tax for income from house propery in australia and file tax return as applicable