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If you are resident in the UK and you inherit a property overseas, you are liable to tax on any income you receive from it, for example, rental income. If you have a property overseas and sell it, you are liable to CGT on the gains. The rate you pay depends on your other UK-taxable … Continue reading
Self-assessment is a system of calculating and informing HMRC of the amount of income tax payable in a tax year. Unlike employees whose taxes are automatically deducted through PAYE (Pay As You Earn), those with additional income or business income or other specific circumstances must declare their income and liabilities through a self-assessment tax return. … Continue reading
Phoenix Debola 