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Tax return for newly UK Resident landlord
marathonic
Posts: 1,789 Forumite
in Cutting tax
Would I be correct in saying that someone who became resident of UK in December 2012 only needs to fill in rental details for December 2012 - April 2013 in the foreign income section of their tax return?
I submitted a return and used the rental income received during the period in which I was actually UK resident and omitted the income from before I arrived here.
I also apportioned the expenses accordingly where applicable, i.e. only repair expenses incurred during this period were listed, the annual insurance premium was apportioned according the the length of time I was UK resident and the Irish tax already paid, which I can claim against my UK tax bill due to the double taxation treaty, was apportioned as well.
Basically, it all looks above board to me but I'm wondering if revenue have some weird rules regarding this.
I submitted a return and used the rental income received during the period in which I was actually UK resident and omitted the income from before I arrived here.
I also apportioned the expenses accordingly where applicable, i.e. only repair expenses incurred during this period were listed, the annual insurance premium was apportioned according the the length of time I was UK resident and the Irish tax already paid, which I can claim against my UK tax bill due to the double taxation treaty, was apportioned as well.
Basically, it all looks above board to me but I'm wondering if revenue have some weird rules regarding this.
0
Comments
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Which country is the property in, and where did you pay tax for it before?So many glitches, so little time...0
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Dave_the_Ginger_Cat wrote: »Which country is the property in, and where did you pay tax for it before?
The answer to both questions is the Republic of Ireland. I still pay tax on it in the Republic of Ireland but can offset that liability against my UK taxes.0
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