Rental Property Abroad: Don’t Forget to Declare!

Many expats keep their home country property and rent it out while living overseas. That income is still taxable — often in both countries.

For example:

• An Aussie living in London must still report Australian rental income to the ATO, even if it’s taxed in the UK.
• A Canadian in Singapore renting out their Toronto condo needs to file NR4/Section 216 returns with the CRA.

Failing to report rental income can trigger penalties, even if you pay tax overseas. Luckily, tax treaties usually give you credits so you don’t pay twice.

📘 Learn more in my Australia Expat Tax Basics course or my Canada Expat Tax Basics course.

🔗 Helpful external resource: OECD Model Tax Convention – Property Income

👉 Tip: Keep all receipts for maintenance, interest, and property manager fees. They’re often deductible, lowering your taxable rental profit.