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Overseas Property Rental
mj12_2
Posts: 281 Forumite
in Cutting tax
Hi, does anyone know if its more tax efficient to own an overseas rental property via an Ltd or in my own name? I'm a basic rate taxpayer.
Thanks.
Thanks.
0
Comments
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It depends on many things not least what the position is in the overseas country. You will need to take paid for advice in that country to deal with tax and legal aspects.
Be aware that if you own through ltd co and use the property personally you will be charged to tax on the "benefit" which is worked out according to a statutory formula. HMRC have relaxed the rules here a bit but you really do need to get someone to check it all out properly for you.0
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