Tax Implications on UK Buy to Let?

[Titusfeck]

I've bought a UK property and have it let to a tenant there (stamp duty at 1% - why not!) What are my tax implications (Irish resident) and what can I offset against them - ie mortgage interest, maintenance & repairs etc..... Is it much different from an Irish buy to let?

 

[bazermc]

Bascially, your primary obligation is to the UK revenue and income tax. The situation is pretty much the same in calculating taxable rent in UK as in Ireland. You will also have a UK liability based on the same taxable income, if any, however, a credit will be available for UK tax paid against any Irish tax due.

Have a read/search previous threads as this isssue is discussed nearly every day on this site.