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Understood. Many thanks for the clear answer!

Thank you so much for the clear and concise reply!

Thanks for the reply. Do you mean that the agency fee is not tax deductible because the tenancy is longer than one year?

Thank you for the reply. However, I have been through the relevant HMRC web pages as well as the topics in this forum, but I have not found a clear answer to my question. Thus, a clearer answer (or a link to the web page directly answering the question) will be very helpful and highly appreciated.

Thank you for the helpful reply!

Hi, my wife and I are UK tax residents. I have a few foreign bank accounts in my sole name, but they are effectively held for the common benefit of me, my wife and our children. Can I make a declaration of trust in the UK on my foreign sole bank accounts, so that the interest income thereon are split 50/50 between my wife and me? If yes, can the effect also be retroactive, such that the interest income before the declaration can also be split 50/50? Thank you.

Hi, I am UK tax resident. I have a life insurance policy in Hong Kong that pays an Annual Dividend and a "Coupon" once every two years. Assuming that the Coupon is in the nature of returning some of the premiums I have paid into the policy over the years, do I have to pay UK tax on the Coupon? If so, will the Coupon be classified as dividend in the self assessment form? Thank you.

Hi, I would like to clarify the meaning of the following excerpt from the Income from land and property abroad in the self assessment form: "You cannot deduct: for more than one year, expenses incurred in connection with the first letting or subletting of a property. These include legal expenses such as: the cost of drawing up a lease, agents' and surveyors' fees, commission" I have a foreign rental property which I let out for two years. The real estate broker's commission for bringing me the tenant is $1,800. Can I deduct $900 (being one-half) in the first year of lease? Can I deduct the remaining one-half ($900) in the second year of lease? Thank you.

Hi, my wife and I are UK tax residents. We jointly own a Hong Kong-incorporated limited liability company that owns a Hong Kong property producing rental income. In other words, the Hong Kong-incorporated company is the landlord in the tenancy agreement and, therefore, receives the rental income, not us. I suppose we (my wife and I) do not report such rental income in our UK tax returns, but we would appreciate your confirmation. Thank you.

I have a foreign property that I previously lived in as my primary home but I have rented it out. Prior to renting it out, I lived in it and had and still have a mortgage loan that I used to purchase the property for self-use many years ago. My question is: is the interest on this mortgage loan tax deductible from the time I rented out the property? Thank you.