HM Revenue has been operating its Let Property Campaign since September 2013 under which those who have not made known the existence of let property income that should be taxed in the UK have been able to confess their error in exchange for a reduced late notification penalty. That opportunity – which was discussed in […]
UK Tax
UK Rental Income and Not Declaring It? Read on!
HM Revenue’s Let Property Campaign provides an opportunity for those with rental income from property in the UK and who haven’t previously told HMRC to declare the existence of this source of income. The Campaign is available to all residential property landlords whether they have one property or several properties, so long as the rental […]
Moving to Australia and Letting a UK Property
If you are moving to Australia and will be letting a property in the UK there are some important tax planning and compliance issues to consider. HM Revenue & Customs in the UK will have some interest in what you are doing and you must take care to jump over all the necessary barriers – […]
Tax Time! Our Top 12 Tips for Your 2018 Tax Returns
As we tick over into the new Australian tax year your thoughts might start turning to the completion of your 2018 Australian tax return. At least they do in the minds of registered tax agents! Here are our top 12 tips for those of you who have UK and Australian tax returns to prepare for […]
Do I Need to Lodge a UK Tax Return?
A question asked regularly by those who are moving to Australia is whether there is a need to lodge a UK tax return. HM Revenue & Customs – or HMRC – issues tax returns in April each year to individuals who are already in the UK’s Self Assessment tax system. Once HMRC has issued a […]
Selling a UK Property When Non Resident? Don’t Forget Capital Gains Tax, and Reporting to HM Revenue
A new capital gains tax (CGT) regime in the UK came into effect at the start of the 2015/16 tax year – in other words from the 6th of April, 2015. The changes will affect you if you are not a resident of the UK for tax purposes and are selling a residential property in […]