Xavi Ch
Joined: 10/4/2024
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Rental income from foreign
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?