There are reported to be about half a million “HMOs” (ie houses in multiple occupation) in the UK. A rented property is considered an HMO if at least three tenants live in it and they make up more than one household, with shared toilet, bathroom and/or kitchen facilities. Written for Expat Network by GoSimpleTax Typically,...

April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a...

In December 2022, the government announced its decision to delay introducing Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) for two more years until April 2026.  What should you do? Article written for Expat Network by GoSimpleTax The government says it has done so because it...

Ideally, you would have completed and filed your 2021/22 UK Self Assessment tax return long before now. You’re probably wishing you had.  But January is here and for whatever reason, you didn’t get around to it. Life’s very busy for sole traders, but don’t worry – you’re not the only one. Each year, about four...

U.K. expats living in the U.S. must deal with the same tax obligations as any American citizen, regardless of whether they reside in the country permanently or temporarily. The IRS taxes U.S.-source income for all taxpayers who have established a “tax residence” in the United States and requires that expats file a tax return...

The next stage in the rollout of Making Tax Digital (MTD) will be MTD for Income Tax, which will be introduced in 2026. This will transform the way that self-employed people and landlords pay their taxes in the future.  How should you report foreign sources of income, and how are you affected if you’re...

There are about 2.6m private landlords in the UK, and although some have large, lucrative property portfolios, 43% of private residential landlords in England rent out just one property. About 39% rent out two to four properties, while 18% rent out five or more. It’s a similar story elsewhere in the UK.  What tax...

UK inheritance tax follows you around the world since it’s based on domicile, not residence. You could live abroad long term and still be liable for this legacy tax. Here, Blevins Franks look at key facts about UK inheritance tax and domicile and how it could affect your intended heirs. Written...

It’s a dream that many people in Britain have. Move to another country, somewhere sunnier, to work or retire. For those who choose to live their dream, living overseas is often made possible to a greater or lesser extent by UK rental income they earn from UK property, one or more, which may include...

Each year, thousands of professionals make the decision to relocate and work abroad. This could be for a variety of reasons, from career progression to the desire to broaden one’s cultural horizons. But while becoming an expat has the potential to better both your personal and professional life, it isn’t a decision to be...

All VAT-registered businesses in the UK must now meet new reporting requirements introduced as a consequence of Making Tax Digital. If you don’t run a VAT-registered business, Making Tax Digital won’t have affected you so far. You may not have even heard of Making Tax Digital. Written for Expats Network by...

Managing UK tax affairs can be tricky when you are an expat. With non-domiciliary status high on the news agenda recently, it’s prudent for expats to ensure they have an accurate understanding of their obligations under UK tax law and that they are fully prepared to report and pay their tax bills. ...