HMRC Admin 8 Response

Hi,
As a non UK resident who is in receipt of UK property income then you are required to complete a UK self assessment tax retutrn to declare the income from the UK property.
However, as a non UK resident you are not required to include your casual earnings from Australia on your UK tax return.
This income would be declared to the Australian tax authorities and any tax due would be paid in Australia.
Thankyou.

Hi,
You would be entitled to claim the monthly bank charges as an allowable expense as long as the charges are wholly and exclusively for the purposes of renting out the property.
In respect of the foreign tax paid on your foreign rental property you are correct in saying that you would need to apportion the foreign tax paid to coincide with the UK tax year.
If you do not know how much foreign tax relates to the period from 1 January 2023 to 5 April 2023 then you would estimate the 2022-23 foreign tax and amend the return as soon as possible as you have stated.   
Thankyou.

Hi,
It is usually the date the payment was received (if using cash basis) therefore in your scenario this would be the 2022-23 tax year.
More information can be found in Property Income Manual PIM1094 
Thankyou.

Hi,
If you decide to transfer 50% ownership to your wife they would also become a 50% legal owner of that property and would have to declare their share of rental income/expenses to HMRC.
Information about property held jointly by a married couple and using a Deed of Trust can be found below:
TSEM9800
A Deed of Trust is a legal document that can be used when making the transfer.
Thankyou.

Hi,
You cannot deduct finance costs such as a mortgage or mortgage interest as an expense.
A tax reducer applies at the basic rate of income tax.  For further information about the restriction:
Tax relief for residential landlords: how it's worked out
and PIM2054.
You can claim relief for both properties when completing the rental income section on the SA106 foreign pages:
Foreign notes for information on how to work this out.
Thankyou. 

Hi,
We would refer you to our Property Income Manual:
PIM2025 
PIM3010 
and  Business Income Manual BIM46915 this covers what is a repair and capital expenditure.  
If the work done has restored your property to what it should’ve been then that is a repair and would usually be an allowable deduction.  
If you alter or improve it then it is not a repair and the expenditure is capital.
Please see PIM2505  for expenses incurred before rental business begins.
Thankyou.

Hi,
Legal and professional costs incurred on the 'renewal' of a lease if it is less than 50 year are allowable.
If the subletting is over one year then cost of paying a 'premium' against the renewal of a lease.is not allowable. This also applies to a different tenant.This would include the cost of drawing up a lease with associated agents fees and commission,as this is capital expenditure.
There is however information in BIM46420 which states the costs may be allowable depending on the amounts.
In this instance this can become complex.
We would suggest writing to HMRC outlining your case. PAYE & Self Assessment HMRC BX9 1AS and a technical inpector may help.
Property management agent fees not related to the lease,The Electrical safety certificate and new carpets are all revenue expenses and allowable against rental income if used 'wholly and exclusively in the rental business.
Thankyou.