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Posted Fri, 06 Dec 2024 12:21:34 GMT by anniewalker74 Fidler
My husband and I own our home outright. We are looking to rent it out to travel overseas for a year or more. We will not work whilst we travel, except for some voluntary opportunities. Will we pay tax on the rental income as this will be our only source of income? Thank you
Posted Tue, 10 Dec 2024 10:16:33 GMT by HMRC Admin 17 Response

Hi ,
 
It depends on how much rental income you earn whilst you are away. 

That will depend on your entitlement to a UK personal allowance. 

You will also have to register as being non-resident landlords. 

The guidance is here: 

Tax on your UK income if you live abroad  and :

What the Non-resident Landlords Scheme is  .

Thank you .

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