This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

foreign property ownership

Crowflies
Posts:1
Joined:Wed Jan 16, 2019 7:17 pm
foreign property ownership

Postby Crowflies » Wed Jan 16, 2019 7:25 pm

I have a son who lives in China, he has no tax ties to the UK an employee of a Chinese company (EU parented).

Can I gift him 150k to buy a UK property and he can let that property ? The income for this would be below the personal tax threshold (around 7k per annum). What tax would he or I be exposed to by doing this? property based or otherwise? I understand as a result he may need to pay more of his student loan as a result of the income in the UK, he already pays some based on his Chinese income.

I currently have my own primary property, he has none in the UK.

Return to “Property Taxation”