Whether you are a UK expatriate, or permanently
resident in another country, the Inland Revenue will take an interest in your
affairs.
Income from letting UK property is always
subject to UK tax - there are no ways of arranging matters so you can avoid
this.
Instead use the MTM Tax Service to maximise
your property income by minimising your tax bill.
Tax is only due on the net profit you make,
which is likely to be much less than the gross rent.
It's vital therefore to ensure you claim all
relevant expenses and reliefs. They will not be granted automatically ...
What's more, if you don't keep your tax affairs
up to date, the Inland Revenue can require your letting agent to deduct tax
at source from your rental income. This will almost certainly be considerably
more than you need to pay. |