Self Assessment Q&A session on Thursday 17th January 15:00 - 16:00 - Session ended
Joined: 17/01/2019 14:45:47
Offsett of foreign tax paid
will tax paid in Singapore on rental of a property there be offsett against UK tax payable?
HMRC Admin 45
Joined: 10/08/2017 06:39:53
Re:Offsett of foreign tax paid
If you are UK resident you will be required to declare the rental income as well as any tax paid. Foreign tax credit relief will be available for any tax paid in Singapore up to the UK level of tax chargeable on this income.
Guidance is available here:
HS263 Calculating Foreign Tax Credit Relief on income (2018)
I hope this helps.