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Overseas rental income - was personal allowance scrapped?

gallygirl
gallygirl Posts: 17,240 Forumite
Part of the Furniture 10,000 Posts Photogenic Name Dropper
in Cutting tax
There was talk last year that the Chancellor was going to scrap the personal allowance for overseas landlords. I didn't see anything about this in the budget yesterday - or has it already been decided on?

Thanks.
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
:) Mortgage Balance = £0 :)
"Do what others won't early in life so you can do what others can't later in life"

Comments

  • Spidernick
    Spidernick Posts: 3,803 Forumite
    1,000 Posts Combo Breaker
    There was talk that all non-UK tax residents might not be entitled to a personal allowance, but that has been kicked into the long(ish) grass again.

    Are you sure you're not getting muddled up with the new Capital Gains Tax rules on residential property for non-UK tax residents?
    'I want to die peacefully in my sleep, like my father. Not screaming and terrified like his passengers.' (Bob Monkhouse).

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  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Spidernick wrote: »
    There was talk that all non-UK tax residents might not be entitled to a personal allowance, but that has been kicked into the long(ish) grass again.

    Are you sure you're not getting muddled up with the new Capital Gains Tax rules on residential property for non-UK tax residents?
    Nope, was definitely in relation to the personal allowance, however all references I can find relate to scrapping it in general, not just in relation to rental income. If it's been put back on the shelf for now then that's good news :T.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
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