Rental income from abroad, tax paid abroad in advance

Hello, I own a property in Finland, which is rented out. I'm a UK tax resident and domiciled here. Under the UK/Finland tax treaty income from immovable assets, such as property, is taxed in Finland. I elected to pay the total tax for the 2022-23 tax year in advance in Finland. Do I still need to declare the income in my UK self assessment and can I set off the tax paid in Finland? Thank you.

Hi hennie70,
Thank you for your question.
Article 7 of the UK/Finland double taxation treaty says that income from imovable property situated in Finland "may" be taxed in Finland.
This means that the rental income may be taxed in both Finland and the UK.
As a UK resident you are taxable on your worldwide income and so you should declare the rental income on your Self Assessment tax return.
If tax is charged in Finland on the rental income then you should claim "Foreign Tax Credit Relief" on your UK tax return in respect of the tax charged in Finland.
Relief will be limited to the lesser of the Finish tax charged and the UK tax charged on the same income.
Thank you, 
 

Thank you. That is what I thought, but it's good to have it confirmed.