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Tier 2 (General)- Overseas rental income (effect on ILR?)

Posted: Thu Jun 29, 2017 10:51 am
by chanakya612
Hi all,

I am currently on a Tier 2 (General) visa and in addition to income from my employer, I have also had additional rental income from a property that is situated aboard. I do not bring any of that income into the UK and I have been paying tax on it through self-assessment. I hope this is allowed. Is there a risk that this income could be classified as self-employment when I apply for ILR and lead to problems?

Thanks for your help

Re: Tier 2 (General)- Overseas rental income (effect on ILR?

Posted: Thu Jun 29, 2017 12:01 pm
by zimba
Rental income or any capital gains is not considered self employment :?

Re: Tier 2 (General)- Overseas rental income (effect on ILR?

Posted: Sun Jul 09, 2017 4:18 pm
by anub2016
Hi chanakya612,

Apologies if this reply is irrelevant to your query and this post, but per the RDR1 document of Tax on Foreign Income -

https://www.gov.uk/government/publicati ... -liability

9.15 If your unremitted foreign income and gains arising or accruing in the tax
year are less than £2,000, you can use the remittance basis without having to
complete a Self Assessment tax return. In this case you will:
 be automatically taxed on the remittance basis (unless the rules at
paragraph 9.11 apply)
 retain your entitlement to UK Personal Tax Allowances and to the
annual exempt amount for Capital Gains Tax
 not have to pay the Remittance Basis Charge (RBC) if you are a longterm
UK resident

Are you doing Self Assessment because you do it anyway for reasons other than your Foreign Income or because your unremitted foreign income is more than £2,000?

Many Thanks.