I know there are a lot on here who spend most of the year in the sun, so hoping for some help please
We are just about to rent our house out and 'move' to a smaller house we own. Then have some fun in the sun.
But the letting agent say they have to take 20% of the rent in tax
The Govt website is a bit ambiguous
It mentions spending 6 months out of the country and also having a usual place to live abroad.
We'll be heading off in November, so we've already lived the 6 months. And we'll be in the camper.
So do these 2 factors count ?
After the first tax year, it may not be as simple
Any other ways to get round estate agent taking this tax (nothing illegal)
And if they do indeed take this tax off, can we claim it back later as assume we'll have the usual £10k tax allowance
All help appreciated
We are just about to rent our house out and 'move' to a smaller house we own. Then have some fun in the sun.
But the letting agent say they have to take 20% of the rent in tax
The Govt website is a bit ambiguous
It mentions spending 6 months out of the country and also having a usual place to live abroad.
We'll be heading off in November, so we've already lived the 6 months. And we'll be in the camper.
So do these 2 factors count ?
After the first tax year, it may not be as simple
Any other ways to get round estate agent taking this tax (nothing illegal)
And if they do indeed take this tax off, can we claim it back later as assume we'll have the usual £10k tax allowance
All help appreciated