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.
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• A Canadian in Singapore renting out their Toronto condo needs to file NR4/Section 216 returns with the CRA.
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• 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.

 

🔗 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.

 

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  • An Australian expat → check the Australia Expat Tax Guide for superannuation rules.

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  • A Canadian expat → see the Canada Expat Tax Guide for RRSP and TFSA rules.

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  • For more insights, browse the full Expat Tax Tips & Insights.