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Posted Sat, 11 Jan 2025 14:42:46 GMT by Graeme Harkins
Hi
I moved back to the UK in Aug 2023 from Australia and became a UK tax resident.
I had earnings from employment and a property I own in Australia which is continuing to be rented.
I completed an Australian tax return for the period June 2023 - June 2024 and recorded a net loss on my property, and paid Australian tax on my earnings up to August 2023.
I am now trying to complete my self assessment in the UK.
I am salaried in the UK and therefore the only additional income is foreign rental income.
However, for the UK period April 2023 - April 2024 my foreign rental income is actually a net loss (therefore under the £1000 income threshold) and it has already been included in my Australian tax return for the period to June 2024.
Do I need to include it on my Self Assessment, and if so how?
Thanks
Posted Fri, 24 Jan 2025 17:41:30 GMT by HMRC Admin 13 Response
Hi
Please see guidance at: PIM4702 - Rent from property outside the UK: Income Tax (IT) - HMRC internal manual.
Please also see: Australia: tax treaties
Thank you 
 

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