As a non UK resident you need to register as an overseas landlord
See here:
User Posted Link
At least thats what I did with the help of my agent.
That meant I didn't have to pay tax on receipt of income. Then I do a tax return each year, set off against income any costs I have (not sure mortgage counts there). The personal allowance counts on the net income.
Hope that helps.
Posted By: GermanCanary on December 5th 2014 at 17:16:05
Message Thread
- Anyone know about Tax Returns? (General Chat) - Hongky, Dec 5, 06:59:42
- As a non UK resident you need to register as an overseas landlord (General Chat) - GermanCanary, Dec 5, 17:16:05
- I giylfed it for you (General Chat) - Basil Wrathbone, Dec 5, 08:52:10
- Thanks Basil. (n/m) (General Chat) - Hongky, Dec 5, 15:51:47
- Tony Martin (the one offofonhere) should be around later - he'd know (n/m) (General Chat) - Jumbo1, Dec 5, 07:42:18
- I'm no expert but: (General Chat) - Curnster, Dec 5, 07:28:41
- I think because I'm no longer domiciled the UK I'm not entitled to personal allowance (General Chat) - Hongky, Dec 5, 15:51:23
- I think the personal allowance is around ?10k now. (General Chat) - Pixelman, Dec 5, 08:07:02
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