AU Investor Resources

Australian Tax Obligations

General property information for Australian tax residents. IPM is a referrer/introducer and does not provide personal tax advice — please consult a registered tax agent or the ATO directly before making decisions.

Frequently asked

Do I have to declare overseas rental income to the ATO?

Yes. Australian tax residents are generally taxed on worldwide income, including foreign rental income, regardless of any tax paid overseas. A foreign income tax offset may be available for tax paid in the other country.

What about capital gains on an overseas property?

CGT rules apply to gains made on the disposal of foreign property by Australian tax residents. The 50% discount may apply for individuals holding the asset for more than 12 months — speak to a registered tax agent about your circumstances.

Is there a tax treaty between Australia and the UAE?

There is no comprehensive double tax agreement between Australia and the UAE. The UAE doesn't currently tax individuals on residential property income, but Australian rules still apply.

Paying with cryptocurrency?

Using cryptocurrency to buy property is generally treated as a disposal for Australian capital gains tax purposes, so a gain or loss may arise at the time of purchase. Speak to your tax adviser before paying this way.

The material on this page is general information only. Australian tax obligations differ by individual; please speak to a qualified Australian tax professional before buying property overseas. IPM does not provide tax advice.