Our research points out that over the last five years, the tax taken by HMRC from foreign based landlords who have rental properties in the UK has increased by 64% from £230m in 06/07 to £379m last year.
I am confused. Anyone explain?
If a landlord is overseas or "foreign based", why is tax on rent being paid to the UK tax office? Or is tax being paid to the UK tax authorities AND the foreign based landlord's own tax authority in the country they are based in? In other words, taxed twice? And still worth doing?
I don't have any property rented out in the UK, but as a Briton in Poland would I pay tax to the UK tax office or the Poland tax office on a UK property I was renting out if I ever become the landlord of a property in the UK?