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Posted Mon, 20 May 2024 14:14:15 GMT by KM Chung
Hi, I have a jointly owned property in Malaysia and it is reported a loss (after deducting mortgage interest and other allowable expenses) when submitting the tax return in Malaysia and no tax is paid there. I would therefore like to know if I need to report my loss in foreign rental income in Self Assessment or it is actually a positive income when mortgage interest is not deductible in the UK. Please advise. Thank you.
Posted Thu, 23 May 2024 13:51:42 GMT by HMRC Admin 20
Hi KM Chung,
Yes, I can confirm that you are required to report your foreign rental income if it is a loss or a profit.
Thank you.
Posted Thu, 23 May 2024 14:15:47 GMT by KM Chung
Thank you for the prompt reply. I would like to confirm if mortgage interest can be deducted when submitting the tax return in the UK. If not, does it mean I have to re-calculate the gain / loss regarding the foreign rental income?
Posted Wed, 29 May 2024 09:35:54 GMT by HMRC Admin 8
Hi,
Please see the relevant information at:
Work out your rental income when you let property
Thank you.

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