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sd1234(Newbie)Newbie
2 Apr 2024

Hi - my context is as follows:

  • I am an Australian citizen and planning to work in the UK for a few years (3-5 years) but could be longer
  • I have a property investment that is negatively geared in Australia (no other source of income in Australia)
  • I may use either the Youth Mobility visa or the Employer Sponsored visa

My assumptions are:

  • I will need to file taxes in Australia and the UK; I will need to disclose my UK income to ATO but will not be taxed for it
  • I will not be able to get negative gearing benefits but can accumulate losses

My questions are:

  • How long does ATO allow for losses to be accumulated?
  • What happens to these losses if I decided to live in UK at a later stage?
  • What will be the treatment of Capital Gains Tax when I sell the property from the UK?

Thank you very much for you assistance.

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DanielleATO(Community Support)Community Support
7 Apr 2024

Hi @sd1234,


Were the non-primary production losses have been incurred from the 1989/90 year onwards? They can be carried forward indefinitely until fully absorbed. They have to be used in as soon as they're able to.


When you decide the sell the property this will most likely trigger a capital gains tax event. To help you understand how that will apply, you can look at your guide to CGT and property. 😊

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Most helpful reply

DanielleATO(Community Support)Community Support
7 Apr 2024

Hi @sd1234,


Were the non-primary production losses have been incurred from the 1989/90 year onwards? They can be carried forward indefinitely until fully absorbed. They have to be used in as soon as they're able to.


When you decide the sell the property this will most likely trigger a capital gains tax event. To help you understand how that will apply, you can look at your guide to CGT and property. 😊

sd1234(Newbie)Newbie
12 Apr 2024

Hi @DanielleATO,


Yes, the losses were after 1989/90 year. Thank you very much for clarifying the question. I will look into the link on CGT treatment. Regards.


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