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Advice about renting out a house in the UK, French resident living in France.

Posted by whalebone-429708 - Created: 3 years ago
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4 replies (Showing replies: 1 to 4)

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Posted by whalebone-429708 - 3 years ago

Thank you everyone for the very informative answers, which is exactly what I wanted.

Best wishes

RAW

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Posted by JLJ-429896 - 3 years ago

Just to add, as Chemin Vert says, you must declare your worldwide income to  the impots and UK rental income won't be taxed or subject to the dreaded social charges, but might move other income into a higher tax bracket. The Connexion do a good downloadable guide to filling in your French tax form. It's worth wrestling with yourself as professionals offering to do this seem to make mistakes. If you make a mistake as a humble individual you can go and confess your ignorance to the impots who are often very helpful.

Use commercial software to do your UK tax return online as the HMRC don't (or haven't up to now - I haven't done this year's return yet) do the foreign residents page. I use Andica but there are many others and they actually make things very straightforward.

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Posted by JLJ-429896 - 3 years ago

It's a good idea. Peace of mind plus an unearned income not subject to social charges. You need to get a letter from the tax man in the UK to give to your agent or tenant to say that HMRC are happy that you will fill in a tax return every year EVEN IF NO TAX will be paid as your 10,000 personnal allowance will apply to this income. The income then is declared to the French impots very carefully to avoid the social charges. If you don't get this letter the agency will deduct 20% and your tenant should as well if they are particularly well informed. The letter is a formality if you have a previous untroubled relationship with HMRC. If your property is jointly owned both owners will need this letter as both are liable for tax on the rental income. This does mean 2 personal allowances.

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Posted by chemin vert - 3 years ago

UK rental income with tax paid in the UK should not be subject to French social charges due to the dual tax treaty. It will, however, need to be declared in France.