UK Tax Information

Discover more about UK taxation as it relates to your property investment. If you can’t find what you’re looking for, please feel free to get in touch with us – we will be more than happy to help.

Non residents are subject to UK income tax on rental income after deducting allowable expenses. The self-assessment individual tax return for each year runs from 6 April to 5 April.

Non residents are liable for CGT on any gains made from the sale of UK residential property. For the year 2022-23 the first £12,300 from any gain is exempt from tax. This will reduce to the first £6,000 for the year 2023-24.

If any property is held at the date of death, the value less any borrowings on the property above £325,000 is subject to IHT at 40%. There is no IHT if assets are transferred to the spouse on death.