Hi Friends We have a property in New Zealand which was our PPOR before we moved to Australia. Now as the market is down I cannot sell that property and is rented out right now and we bought our own house here. My friend suggested that I am able to claim loss on that property here in Australia and claim tax returns similiar to having investment property in Australia. Are we able to do that? Do we have to pay captail gains tax when we decide to sell that property? Can some one guide me on this issue please. We are currently topping up $100pw for repaying mortgage on New Zealand property.