U.S. resident buying UK home

hs7833

I'm a British and US citizen resident in the US, and I plan to buy a vacation home in the UK and live in it for 4 to 5 months per year. My income is only in the US. Will this oblige me to file a self-assessed tax return and pay UK taxes on my US income? Any information on this will be appreciated.

Rosemary7391

US/UK dual national here. I can't see why it would. You'd have no income, not renting it out so nothing to declare. Only tax you'd pay is local council tax which depends on the property.


Edit, I am assuming you wouldn't be resident for tax purposes. Probably best you check the rules especially if you're intending to work remotely whilst in the UK.

00ec25

no, unlike the USA, the UK does not tax you on your worldwide income, only on your UK source income, of which you will have none apparently.

as for UK tax residency, check the rules around number of days in the UK

da_rule

You would also have stamp duty, which, depending on the value of the properties you own in the US may be at the higher rate.

Spidernick

You would most likely be resident in the UK for tax purposes, with that level of visits. However, you would also be resident in the US and, under the tie-breaker test, you would be treaty resident in the US. The net result of this is that you ultimately shouldn't be taxable on anything in the UK, unless you had UK rental income from the property or certain types of pension income.