What to do?

Hi there,

I hope someone can help me.

I have been living in the UK since 2002 working.

I have a rental flat which has a yearly income of around $9600 and some shares which have under $100 dollars in dividends a year.

Since 2002, I have also accumulated further Fee Help (Hecs previously).

My problem is that i have not lodged a return since about 2005, which I am really worried about.

I am also in the process of selling the rental property.

My question is, as a non-resident for tax purposes, will the income on my property be taxed at the 29 cents to the $ and what about after I sell it?

I also have an outstanding mortgage on this rental property.

Also, would I my residential status be non-resident throughout the 8 years because I changed visa statuses throughout this time from working holidaymaker, to student visa, to highly skilled and non a UK resident.

Any advice would be appreciated.

Thanks!

 

Do you have a big mortgage on the flat?
Did you make money after paying the interest on your mortgage?

read this ato page
Non-residents - lodging an Australian income tax return