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| There is no personal allowance for non UK residents. From the rent received you can deduct 1000 GBP and on the remaining you pay 20% tax | |
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There indeed is - been claiming it for the past 20 years:
"Personal Allowance
You’ll get a Personal Allowance of tax-free UK income each year if any of the following apply:
you hold a British passport
you’re a citizen of a European Economic Area (EEA) country
you’ve worked for the UK government at any time during that tax year
You might also get it if it’s included in the double-taxation agreement between the UK and the country you live in." Double taxation Countries include Switzerland.
https://www.gov.uk/tax-uk-income-liv...onal-allowance
The UK has been a great investment place for overseas landlords. You could essentially have 2-3 properties split between a couple and pay zero taxes. Plus no CGT until 2017 and then now only the value after April 2017. You could claim mortgage interest until they started ratcheting this down the past 3 years and there was also a furnished 10% allowance until a few years back.