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
HMRC says: “Income will be outside the scope of VAT if it is not payment given in return for a supply of goods or services. It is important to establish that an income described as grant or donation is actually an income that is freely given and the donor does not receive anything in return. … Continue reading