Tax on overseas property – Which?
How is overseas rental income taxed?If you own a property abroad, or are living abroad and letting out your property at home, you won't escape a tax bill.You're taxed on your foreign properties in the same way as you would be on any UK properties.In short, you work out the profits for all your foreign properties as a whole (rather than as separate properties) by taking any expenses away from any income.Unless you let a furnished holiday residence, you won't be able to claim capital allowances for investments against your...