Do you need to submit a self assessment tax return to HMRC? Want a bit of help but don’t want to pay a lot of money?
I have the answer for you!
Do you need to submit a self assessment tax return to HMRC? Want a bit of help but don’t want to pay a lot of money?
I have the answer for you!
This is the first UK Budget by a Labour government since 2010, and the first one from a woman Chancellor of the Exchequer in Rachel Reeves. Considering the role has existed for 800 years, this is a significant moment for representation in politics.
Will this Budget be a defining moment for the new Labour UK Government? This is was never going to be an easy Budget with giveaways and we all knew that. It was claimed to be a budget for the average working person and it has largely met that brief, although some will not be pleased with certain announcements.
Following every Budget or Statement, I write an article to give you a concise overview of some of the main points, with particular reference to any changes that have major relevance to those living outside of the UK, and especially in the GCC.
The UK press will cover many points in detail but much of it will not be directly relevant to expats so this article focuses on the points that will be most relevant to us.
This article is designed to be a brief guide to the taxes that apply to UK property, all in one place. This is written for the benefit of non-residents of the UK.
There are various taxes that apply with in relation to the ownership of UK property and an overview of each of the main ones is set out below.
I have covered this topic previously but it is time for an update as various rules have changed over the past few years.