British Expat Property Tax
If you let your home whilst you are abroad, the rental profits will be liable to UK tax as UK source income regardless of your residence status. Some points to note are that: property rental is treated as a business and the profit is calculated using business accounting rules; expenses can...
Did you know? No 1 The tax year for individuals in the United Kingdom begins on the 6th April in each year and runs to the following 5th April. The reason goes back to 1752 - the year in which England and Scotland adopted the Gregorian calendar. Historically, the legal year...
Income tax on your earnings If you are not resident and not ordinarily resident in the UK, you will be exempt from UK taxation of your overseas earnings, whether or not these are paid in or remitted to the UK. If you are employed overseas for a period spanning a complete...