Thank you for your prompt reply.
Your question is -
What are my tax allowances and deductions against property income. What is minimum and maximum (if any) time spent in uk to minimize tax exposure.?
As a UK National you will be entitled to full personal allowance as any other taxpayer. The personal allowance for current tax year (6 Apr 2014-5 Apr 2015) is £10,000.
You can claim the following expenses against rental income (this list is not exhaustive)
letting agents' fees
insurance (building and contents)
interest on loan
maintenance and repairs (not capital improvements)
utility bills, ground rent and service charges if any
cleaning and gardening services etc. etc
Now we come to the question of residency...
There is a guidance note issued by HMRC that deals with Statutory Residency Test. The link to it is herehttps://www.gov.uk/government/uploads/system/uploads/attachment_data/file/366839
- if you were to stay in the UK for 183 days or more during the tax year;
- have a home in the UK home for a period of at least 90 days, and a person must live in that home for at least 30 days during the tax year.
- carry a full time work in the UK ..
you will be deemed automatically resident in the UK.
I suggets you read the section deling with Sufficient UK ties Test to fully understand how HMRC would determine whether you are UK resident or not in a tax year.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.