UK tax treatment of rent from overseas properties
A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, if they have overseas property that they rent out, any rental profits are taxable in the UK.
Separate overseas property business
As far as property rental businesses are concerned, UK properties and overseas properties are treated as being part of…
Keep reading with a 7-day free trial
Subscribe to Accounting Journal to keep reading this post and get 7 days of free access to the full post archives.