Visit Professional Section

Questions And Answers

 

Tax - where do I pay it?

asked by Dariusz Pyzara posted 3 Years ago at 7:44
I moved to England 6 years ago from Poland and have recently aplied for a UK passport. I am employed and pay UK tax. I still have a property in Poland which would like to sell. If I sell the property (and i will make a profit)do I pay tax in UK or in Poland? Thanks for help Darek.
1-3 of 3 Answers
Manic Mike answered 3 Years ago at 11:56, last modified: 2 Years ago at 14:56
Check the double taxation rules. This might help http://www.hmrc.gov.uk/international/poland.htm
Quote
Ewelina Popek answered 3 Years ago at 12:04, last modified: 2 Years ago at 14:56
Cześć - Also, you are du I think to pay income tax in UK on the income/interest on your property abbroad, if any. You need tell the mr taxman how much income tax you have paid in Poland and they will deduct this amount from the tax due here. EP
Quote
Andrew Diver answered 2 Years ago at 17:35, last modified: 2 Years ago at 14:56
It depends, and you really need to make decisions based on the level of profits both rental and capital gains that you receive. I am assuming you might be non-UK domiciled, which might provide opportunities under the remittance basis legislation to put the amounts outside of the scope of UK tax.

Otherwise, you are looking at UK tax on rental profits and the gain. You would need to complete a form SA1 and register to complete self assessment tax returns.

http://search2.hmrc.gov.uk/kbroker/hmrc/forms/viewform.jsp?formId=3648
Quote
 
 

About Q&A

Get your questions answered by a unique network of professionals and fellow consumers for free. Share your knowledge and experiences by answering other consumer questions from the Total Investor community.

Q&A Categories