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ldav

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  1. Hello, I have a simple question and I have been trying to get an answer from various tax advisers and I cannot find one answer and a reference to a legal text. My situation is the following : - I am a French national, living in the UK and employed in the UK, where most of my income coming from my employment, a situation that will not change - I own some properties - students flats - in France that I intend to rent as a furnished basis under the status of LMNP (Loueur Meuble Non Professionnel) - and declare the income under there status regime simplifie in France, therefore filling out the tax certificate 2031. - My question is the following - what do I need to report to the UK tax authorities as my income ? My French tax result on 2031(benefice imposable) or the gross income ? Or the income after deductible costs, and crucially can I deduct the amortissement / depreciation from my costs for UK tax. I am a bit lost, as some people say as long as your French net income is 0 or less (which is the case), you don’t have to pay uk taxes, just declare the loss, and some say I have to report gross revenue minus some costs (but not amortissement), which would lead to the weird result of having to pay uk taxes on a French investment where I am losing money from a French tax perspective. Anybody had the same issue?
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