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Old 13.10.2020, 19:04
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Re: Declaring Uk home for tax benefits

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Thanks so much - The net wealth on 500K is very very little - a few hundred francs ....

Can council tax / utilitiy bills / insurance be deducted? And dont they just apply a 20% maintance allowance ?
Property insurance yes, the others no.

I think the maintenance allowance only applies to the property you live in, others have to be actual values because the allowance is 20% of the imputed rental value, not the property value.

And note it's 10% for a property less than 10 years old.
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