Good afternoon,
I'm getting ready to rent my property overseas (Poland) for the very first time. I personally own it and my tax residency is in the UK.
I spoke to the tax office in Poland and was told that, by law, I would be taxed in Poland on any income I made from the rental even though my tax residency was in the UK.
The information that I found on the gov.uk website is rather confusing. On one hand, the website says that rental income is taxed differently: https://www.gov.uk/tax-foreign-income/foreign-income-thats-taxed-differently on the other that the tax is "paid in the normal way" which means that only income over £2,500 must be reported.
My questions are:
1) If I'm taxed in Poland, pay tax and complete self-assessments there, do I have to complete a Self-Assessment: Foreign Income pages (SA106)?
2) If so, can I claim relief on the tax paid in Poland or will I end up being taxed twice?
3) If so, I project the rental income to be less than £2,500 a year? How is such income reported and taxed?
Thank you.
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