Tag: Tax on Property Income

Tax-on-Foreign-Income-and-Tax-on-Foreign-Property-Income
Tax on Foreign Income
Jenny Holmes

Tax on Foreign Income

If you are resident and living in the UK you will pay your tax on income, wherever it comes from, on an arising basis. That means you will pay the tax due for the year in which the income was created. It is not affected by whether you bring that income to the UK or not.

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Tax on Rental Income
Tax on Property Income
TaxAccountantmain

Tax on Rental Income

New rules means that certain financial costs will be more restricted in the future and primarily affects mortgages, loans and overdrafts. This is being phased in from 2017 and will be complete by 2020.

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