the message board for Dubai English speaking community
EMZ wrote:Most certainly. Any income from outside and brought into the UK should be declared on your tax return.
EMZ wrote:I'm not sure if a UK bank would consider giving a mortgage on a property in Dubai, so I'm presuming that if there is a mortgage on a property here, then it would be given by a local bank. Therefore if someone has a mortgage it stands to reason that they would be a non resident of the UK and resident in Dubai. In this case they wouldn't claim any mortgage relief in the UK as there would be no tax liability.
Reporting your overseas income
You must report your overseas income on the foreign pages of your tax return.
Effect of residence, ordinary residence and domicile on your tax liability
It's possible that you may not have to pay tax on your overseas income. This will depend on whether you are classed as a 'resident' in the UK for tax purposes in a tax year. The amount of income on which you pay tax may also be affected by your 'ordinary residence' and 'domicile' position.
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