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Posted Thu, 28 Dec 2023 06:56:41 GMT by
Dear HMRC, I am planning to relocate to UK from Hong Kong through the BNO route, I have a property in Hong Kong with 50% ownership sharing with my father who will stay in Hong Kong, the property has been rented out for many years, I have never got any income from the rental payment because I agreed my father to get it in full for my parents expenses, given this case do I need to declare the rental income on my Self-assessment Tax Return? Thank you.
Posted Tue, 09 Jan 2024 09:07:33 GMT by HMRC Admin 5 Response
Hi

Please have a look at the guidance on joint ownership - tenants in common at TSEM9220 - Ownership and income tax: legal background: joint ownership - tenants in common.  
The UK / Hong Kong tax treaty give Hong Kong the taxing rights on property income arising from HK property.  
It also allows HMRC to tax you on your share of the property income and for you to claim a tax credit for foreign tax paid.  
You would do this by completing the property section and the the foreign section of the tax return (on paper, SA105 & SA106).

Thank you

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