Tax on UK Property

rego

Registered User
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19
I have a property in Manchester since 2004. It is rented privately and the cumulative running costs (including closing costs) since 2004 are still more than the interest income for the same period. I want to keep my tax in order, and estimate that by end of this year I will owe small amount of tax. Should I contact tax office and give them all info for the past years? Do I have a liability in the UK?
 
You really need independent, professional advice on complicated, cross jurisdictional tax issues such as this in my opinion.
 
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