Debra Posted July 22, 2005 Share Posted July 22, 2005 . Link to comment Share on other sites More sharing options...
BJSLIV Posted July 22, 2005 Share Posted July 22, 2005 does this mean we'll pay income tax on the rental value of our home?Not if you are resident / paying taxes in the UK as the tax liability is negated by the Double Taxation treaty. Link to comment Share on other sites More sharing options...
Debra Posted July 22, 2005 Author Share Posted July 22, 2005 . Link to comment Share on other sites More sharing options...
Will Posted July 22, 2005 Share Posted July 22, 2005 Unless the property in France was bought through a company (such as an SCI, which people tend to do for inheritance reasons, when they live outside France). Then there is a possibility of the UK Inland Revenue deciding that you, as shareholders, receive a benefit from the property, and taxing you on a notional rental value. I don't think that's actually been done yet, but it has certainly been discussed, and is something to bear in mind if your house was bought in this way. Link to comment Share on other sites More sharing options...
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