patsmb Posted July 19, 2013 Share Posted July 19, 2013 I have a query of a different nature -we own property in Adelaide but would like to try to buy a cheap property in the UK so that we can spend the summer there We would not rent it out but would we then be taxable in the UK ? I know we would have rates etc to pay but when we go back now we rent a furnished cottage and what we pay in that rent would cover the rates on our own place Any advice or info would be appreciated Link to comment Share on other sites More sharing options...
Rupert Posted July 20, 2013 Share Posted July 20, 2013 Have moved to a thread of your own so that OP of the thread you posted on gets answers to their question. To your question, if you are not renting the house out then no there will be no income tax implications, but there will be CGT implications down the track as you can only have one primary residence that is exempt from capital gains. Of course your capital gain could be zero, you never know. Link to comment Share on other sites More sharing options...
newjez Posted July 20, 2013 Share Posted July 20, 2013 Only problem I can see is leaving it vacant while you are not there. Where would you buy? - and do you have any family close by that can keep an eye on it? I'd be happy to pop in and check out everything is okay on a regular basis if you need someone Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted July 20, 2013 Share Posted July 20, 2013 Would it be worth taking out a rental (long term) on a 1 bed place Link to comment Share on other sites More sharing options...
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