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Foreign rental income on property
gmlndn
Posts: 1 Newbie
in Cutting tax
Hi,
i'll try make this a simple as possible.
mr x has dual citizenship in both UK and Italy.
mr x has UK residency with permanent job.
mr x buys property in Italy to rent out.
does mr X need to claim tax in both countries on rental income?
if money is being sent to UK banks regarding rental income, does mr X need to declare anything in Italy?
does any rental income need to be even declared in Italy since they are not resident?
if mr x needs to declare rental income in Italy, how can they avoid getting taxed further from UK?
Mr X is aware of Dual taxation agreement but no entirely sure how it would apply in this situation.
any help is much appreciated.
i'll try make this a simple as possible.
mr x has dual citizenship in both UK and Italy.
mr x has UK residency with permanent job.
mr x buys property in Italy to rent out.
does mr X need to claim tax in both countries on rental income?
if money is being sent to UK banks regarding rental income, does mr X need to declare anything in Italy?
does any rental income need to be even declared in Italy since they are not resident?
if mr x needs to declare rental income in Italy, how can they avoid getting taxed further from UK?
Mr X is aware of Dual taxation agreement but no entirely sure how it would apply in this situation.
any help is much appreciated.
0
Comments
-
mr X needs to read the UK / Italy tax treaty for therein lie his answers
https://www.gov.uk/government/publications/italy-tax-treaties0 -
Is Mr X domiciled or deemed domiciled within the United Kingdom?0
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