Will I be taxed if I send money overseas?

 Author: NikkiATO(Community Moderator)Community Moderator

21 May 2026

Hi @Baolou,

No, you won't be taxed just for transferring money overseas to buy property in China. Moving your own money between bank accounts isn't taxable income. There's no tax on the transfer itself.

However, if you're an Australian resident for tax purposes, you need to declare your worldwide income in your tax return. This means if you earn any income from the Chinese property later (like rent), you'll need to declare it. If you pay tax on that income in China, you may be able to claim a foreign income tax offset in your Australian tax return.

For any taxes related to the property purchase in China (like stamp duty or other property taxes), you'll need to contact the Chinese taxation authority.

For more info, check out our article on Tax on gifts and inheritances.

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