angusltw Lee

Hi, Thank you for your response. As this is my first time reporting relevant taxes, there are many aspects that I don't understand. In my situation, should I subtract the annual income tax from the related costs, such as local taxes, management fees, and property tax in Hong Kong, and then report the remaining balance after dividing it by half? Thank you.

Dear HMMC I and my family jointly own a property in Hong Kong, each holding a 50% share. The property is currently rented out, with a monthly rent of £980. The property itself has a monthly mortgage payment of £1070, monthly management fees of £105, an annual council tax of £407, and property tax for this year is £705. I would like to know how I should report these tax items. Thank you.