Originally Posted by
unitedabx
As a long standing UK property owner and landlord I can assure of this
1. If you own a property in the UK and let it out you are liable to income tax on that rental income minus some deductables. If you do not live in the property for more than 6 months a year yourself then you cannot claim it to be your own residence and so when you come to sell it, it is liable to Capital Gains Tax too. You can register as an overseas landlord and receive your income without tax deduction but at the end of each year you must make a non-resident tax return and pay the tax due. As a non-resident you get zero allowances and can be taxed at the non-resident rate of 40%.
2. All these returns and information are available from the HMRC website and to manage the tax side is simple. As a non-resident landlord you cannot file on-line.
3.If you need to manage the property on a day to day basis then you can try to do this from overseas but it will keep you busy. Better to use a good agent and the new on-line agents are great and inexpensive eg Purple Brick. Agents in Hong Kong are very expensive and to be avoided.
4. If you try to dodge the UK tax man good luck. Last year 4 Emirate pilots and 2 Ethiad pilots got caught, fired and fined. They were lucky not to go to prison.
5. If you want a coventional agent try Complete RPI Limited.
Just to say, you can file online if you are a non-resident landlord but you will need to use 3rd party software in order to do this. See here for details
https://www.gov.uk/software-tax-returns. I have used Acorah's tax calc which is available for about £25 per year. Also, you may be eligible for a UK tax allowance if you are an EEA citizen (and in some other circumstances - see here
https://www.gov.uk/tax-uk-income-liv...onal-allowance).