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Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
If you spend more than 183 days in the UK in any one tax year [6 April to the following 5 April] you will be liable to UK taxation on your worldwide income. That will be Income Tax (IT) and National Insurance (NI). NI deductions do not apply to rental portfolio income. Without a guide as to your likely income, I cannot assess your taxation position.
I would like to talk to you, but I am responding to your question from a time zone 7 hours ahead of GMT thus making telephonic communication both impractical and expensive.
Are you a citizen of an EEA country?
As your annual income will exceed 100K you will not be entitled to a Personal Allowance (PA). The IOM is a tax haven as indeed is Jersey, but as you are not resident there the income received will still be subject to UK taxation.
Your income is of the order of 255K + 6.6K + 3.456Kzk + 4.828 = say 267K. This will be taxed as follows; 34.5K @ 20% [6.9K], 115.5K @40% [46.2K] and 82.5 @ 45% [37.1K], total tax say a tad under 90K.of IT. Ni contributions will be say 9.3K + 4.2K = say 13.5K. This answer assumes that you propose to reside in England. In Scotland, the situation would be slightly different.
I do hope that you have found my reply of assistance.
The car allowance I have included. You would be far better off buying your own car and charging the employer 45p per mile (20p after 10000 miles) which is not taxable. I have ignored the house, this benefit in kind would be taxed at 45%..
The UK has Double Taxation Treaties with both the UK and the IoM. Any tax deducted in these jurisdictions is allowed as a tax credit against your UK liability on the same income stream.
I included 5K for the car in my computation. The NI deductions are at 12% up to 46.350 quid and 2% thereafter.
I cannot tell you if you can pay with a SA card. I am not involved with Just Answer Administration. My immediate reaction would be to try it!
Unfortunately, this is outside the scope of the Just Answer format.
Your income, less the house, is 267000 GBP. Of this 34500 is taxed at 20%, 115000 at 40% and 82500 at 45%. Tax deductions total just under 90K.
Thank you for your support.