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Transferring foreign rental income

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Chris | 07 Jan 2014, 01:49 PM Agree 0
Hi there
I have an investment property in Dubai and will start receiving quarterly rental income this year.

On another note, I am paying for my mom’s rent in South Africa. This rent is about the same as the income from the property in Dubai. Instead of transferring money from Dubai to Australia and then South Africa, I’m thinking of just transferring it straight from Dubai to my mom’s account in South Africa.

The rental income will in other words never enter Australia. Do I still have to declare it on my tax return? I’m thinking that it would rather be my mom’s responsibility to declare it on her South African tax return as part of her income, even though the property is in my name. Is that correct?


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