We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax return for newly UK Resident landlord

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.

Comments

  • Which country is the property in, and where did you pay tax for it before?
    So many glitches, so little time...
  • marathonic
    marathonic Posts: 1,789 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.