Put the house on rent and move abroad - opinions?

user1168934

TripleH said:

SiL and husband do this. Do you have family in the UK who will let you use their address for correspondence & tax details?

Yes, I will have some family living in the UK who can be asked to let me use their address. Is there an advantage in using a local address?

canaldumidi

user1168934 said:

TripleH said:

SiL and husband do this. Do you have family in the UK who will let you use their address for correspondence & tax details?

Yes, I will have some family living in the UK who can be asked to let me use their address. Is there an advantage in using a local address?

For HMRC/tax purposes I would have thought your actual overseas address is preferable - especially if seeking permission to receive rent gross as HMRC will want to be able to chase up your tax return direct.

For tenancy purposes it's not a question of 'advantage'; it's a question of complying with the law.

SiliconChip

Put yourself in your potential future tenants' shoes: would you really want your novice landlord to be living on the other side of the world? If not (and I think that would be the correct conclusion) then letting and moving to Australia at the same time seems like an awfully bad idea.