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  • Tax

    Overseas Landlord (what tax to pay?)

    Hi

    I'd like to seek advice on the followings:

    1. Rental income is taxable for overseas landlord (whose main residence is not in the UK). How about savings interest income and stock dividend income, are they taxable?

    2. Inheritance tax. Is it applicable for overseas landlord?

    3. Understand that withholding

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    Angela,

    As long as you are not NON DOMICILED in the UK (I don't know the rules for Non-Dom's off the top of my head)

    All income earnt in the UK is liable to UK tax, this includes savings and dividends from UK companies also if money is earnt outside of the UK be repatriated to the UK it is also taxable..

    The estates of all UK Nationals, irrespective of where they live, will be liable to UK Inheritance Tax laws on their worldwide estate.

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    Thanks.

    For non UK nationals, inheritance tax will not be applicalbe. Right?

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    This is a very complex issue. You will get a lot of helpful comments on here. But get your cheque book out and please pay for quality professional advice on this matter.

    Pub experts mean well, but often do not know the correct answer for your precise circumstances.

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    If you are domiciled in the UK then Inheritance WILL be applicable regardless of you nationality.  As 2 Up 2 Down says, this is a very complicated area, it may be advantageous to seek professional advice

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