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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4972
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I am a member of the European Union but years I live

Resolved Question:

I am a member of the European Union but for 10 years I live and work in the UK. In the last country I left flat, which my family was using. Now they moved out and I want an apartment to rent. Where should I pay tax? In the UK or in the country where I have a flat?
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.

I am another expert on this site and I am happy to help you with your question.
Would you like me to proceed?

Many thanks
Customer: replied 2 years ago.

I don't understand. I asked a simple question. I paid £36 and I did not get answer. Is it cheating?

Expert:  taxadvisor.uk replied 2 years ago.
Thank you for your reply.

It is not cheating as no one as yet has answered your question. I am happy to answer it as the other expert is not online. Out of politeness, i have asked if you would like me to go ahead with the answer?

Please advise and I will give you the answer.

Many thanks
Customer: replied 2 years ago.

ok, so what answer is?

Expert:  taxadvisor.uk replied 2 years ago.
Thank you for your reply.

When you are UK resident you are normally taxed on the arising basis of taxation. This means that all your worldwide income and gains will be taxable in the UK. Therefore, even if your foreign income and gains have already been taxed in another country they will still be taxable in the UK and you must declare all of your foreign income and gains on your tax return by completing supplementary pages SA106 - Foreign.

You would claim Foreign tax credit relief for any tax suffered on that income abroad.


So to answer your question, you would pay tax on rental income from your flat abroad to the UK tax authorities. You may also have to pay tax to the local authorities in the country where the property is but you would claim tax relief against that tax. Income from the same source is not taxed twice under double taxation agreement between the UK and many countries.

More information on DTA can be found in RDR1 here

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/423877/rdr1.pdf

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.


taxadvisor.uk and other Tax Specialists are ready to help you
Customer: replied 2 years ago.

Thank you. So, what I have to do to declare my income? Now I pay tax automatically, when I get my wages.

Expert:  taxadvisor.uk replied 2 years ago.

Thank you for your reply.

If you are filing a tax return at present then you would complete supplementary pages SA106 as mentioned in the previous posting and declare this income.

If you are not filing a tax return, then you have to register for self assessment. You will be issued with a unique tax reference number to enable you to file a tax return. UTR is 10 digits long (12345 67890).

You can register for self assessment here

https://www.gov.uk/register-for-self-assessment

There is some useful information on this site.

I hope this is helpful.

Customer: replied 2 years ago.

Thank you for all information. You are very helpful. Can I have more question later? I have to go now.

Expert:  taxadvisor.uk replied 2 years ago.

Thank you for your good words. You can ask follow up question here.

In the meantime I will appreciate if you would kindly rate the service I have provided, so I can be credited for it.

Many thanks.

Customer: replied 2 years ago.

In future I would like to trade on Forex market. I would like to ask when I will earn :) ( I hope), do I need to pay tax and what if I will lose?

I have insurance for life and for my retirement. I have it for many years. Can I deduct it from my tax. I started the insurance when I was living in my country, but never knew how to deduct it from tax. The insurance company is registered in my country, but the insurance covers me wherever I am. .

Do I need to rate every your answer? When I rate, can I still ask questions?

Expert:  taxadvisor.uk replied 2 years ago.
Thank you for your reply.

These follow up questions are unrelated to the original question. As per JustAnswer terms and rules you should put a fresh question.

I will be happy to assist you if you were to ask for me in the body of your question.

In the meantime, If you are happy and there are no more issues relating to your original question I will appreciate if you would kindly rate/accept the service I provided to ensure I get credited for it.

You can still ask questions relating to your original question after rating the service.

Many thanks
Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes.

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