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  #21  
Old 03.10.2011, 17:47
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Re: Please help! Tax/ Property NIGHTMARE

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Then you cant get a UK personal allowance for any UK income!
it's actually a bit broader than EU national. see the notes on the R43 form in the link i provided above.
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  #22  
Old 03.10.2011, 18:00
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Re: Please help! Tax/ Property NIGHTMARE

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Then you cant get a UK personal allowance for any UK income!
I claimed an allowance last year due to being a Commonwealth citizen. This year, residents of Switzerland for taxation purposes can claim an allowance (unless it is only income from dividend or royalities, then you have to be a Swiss national).

Source: The notes to the R43 personal allowance form that Phil_MCR sent the link to.
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  #23  
Old 05.10.2011, 12:41
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Re: Please help! Tax/ Property NIGHTMARE

Some notes on being a non-resident landlord of uk property. No UK tax to pay on rental income, if you're eligible. I'm rather surprised. It applies even if you're actually resident for tax purposes, if you're out of the country for 6 months or more.
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Old 05.10.2011, 12:56
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Re: Please help! Tax/ Property NIGHTMARE

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Some notes on being a non-resident landlord of uk property. No UK tax to pay on rental income, if you're eligible. I'm rather surprised. It applies even if you're actually resident for tax purposes, if you're out of the country for 6 months or more.
The non-resident landlord scheme is to receive rent without tax deducted. As a non-resident landlord, most agencies will deduct taxes automatically unless you provide the documents that you have joined this scheme.

You are still required to complete tax returns (unless specifically told by the inland revenue you don't have to) and if you make a income more than your personal allowance you are liable to UK income tax.
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Old 05.10.2011, 13:00
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Re: Please help! Tax/ Property NIGHTMARE

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Some notes on being a non-resident landlord of uk property. No UK tax to pay on rental income, if you're eligible. I'm rather surprised. It applies even if you're actually resident for tax purposes, if you're out of the country for 6 months or more.
Can you highlight that? I'm aware that one can nominate not to have the tax deducted at souce (i.e. the tenant or agency pays it directly) but you still need to account for it, and pay tax on it, via a tax return. Of course, you get the tax allowance which will probably cover most of it.
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Old 05.10.2011, 13:56
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Re: Please help! Tax/ Property NIGHTMARE

What MZ said...
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  #27  
Old 05.10.2011, 15:20
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Re: Please help! Tax/ Property NIGHTMARE

Best to sell your UK home,

http://www.hmrc.gov.uk/cnr/faqs_general.htm#13nr
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