Reducing tax on overseas property

Many members are interested in reducing UK tax on their overseas property lettings. We've therefore wrote a couple of articles on some options to reduce UK income tax and Capital Gains Tax. Overseas property letting as a trade This looks at the opportunities available to you to class your overseas property as being used for the purposes of a trade, rather than an investment. There are lots more capital gains tax and inheritance tax benefits available for trading properties (including business asset taper relief and gift relief). Tax deduction for interest on overseas property purchases Ensuring there is tax relief for interest on overseas property purchases can be an important tax deduction. This article looks at when you can qualify for this.