Taking personal allowance on rental income - Overseas
Discussion
The two things are not really related.
You are renting out a property in the UK whilst you are working abroad.
Was this house your main residence when you lived in the UK? If you moved abroad without living in this house was it ever intended to be your main residence?
Your question is very similar to one that is currently being discussed on PH, in nthis forum.
Any house that has been rented out is potentially liable to CGT if and when it is disposed of. However, if the house has been your main residence at any time during your period of ownership of the property, you could find that the capital gain has been at the very least reduced and possibly wiped out completely.
You are renting out a property in the UK whilst you are working abroad.
Was this house your main residence when you lived in the UK? If you moved abroad without living in this house was it ever intended to be your main residence?
Your question is very similar to one that is currently being discussed on PH, in nthis forum.
Any house that has been rented out is potentially liable to CGT if and when it is disposed of. However, if the house has been your main residence at any time during your period of ownership of the property, you could find that the capital gain has been at the very least reduced and possibly wiped out completely.
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