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Does anyone here own property in France and rent it out?
I am just wondering how much tax I would end up paying if it was rented out during the summer months, percentage wise
Also, would I end up paying UK and French tax on it?
My old boss had a place in France he rented out for cash only so tax problems avoided. The U.K. tax office appears to be so rubbish how would they even know. It took me 15 minutes yesterday to explain to them I was no longer self employed so thats why I stopped my contributions.
I believe if you are a British resident then you would declare the income on a UK tax return.There is a section in the short return for overseas income.
A friend rents an apartment out in Spain and declares this in the UK ( a police officer so i think he'll get it right).
joeegg - Member
I believe if you are a British resident then you would declare the income on a UK tax return.There is a section in the short return for overseas income.
A friend rents an apartment out in Spain and declares this in the UK ( a police officer so i think he'll get it right).
Correct. Skint governments around Europe are very helpful to each other in collecting taxes.