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Posted Fri, 04 Oct 2024 02:20:16 GMT by Xavi Ch
Hi
I have a foreign Property in Hong Kong and want to rent out .
Since I am in 40% tax band, can I rent out to my property to my own company by £1 and then use my own company to do a subletting? The expected rental income is £12,000 per year
My personal tax is £1*40%= £0.4
My company’s corporate tax in UK is £12,000 *25% =£3,000.
Are there any double taxation rule for corporate tax between Hong Kong and UK?
Posted Thu, 17 Oct 2024 09:58:32 GMT by HMRC Admin 13 Response
Hi Xavi Ch
Corporation Tax is a self-assessed tax, and we are unable to give advice on some of this query. 
For any further advice or information, you will need to speak to an accountant. 
Please see the available guidance on GOV.UK for the double taxation treaty between the United Kingdom and Hong Kong at: Hong Kong: tax treaties
Thank you 

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