Overseas Property Tax Calculator

Yes. UK residents are taxed on worldwide income including overseas rental income. You declare overseas rental income on SA106 (Foreign) supplementary page of Self Assessment.

If you pay tax on rental income in the foreign country, you can usually offset this against your UK tax liability under a Double Taxation Agreement (DTA) or unilateral relief. You don't pay tax twice on the same income.

Use the average exchange rate for the tax year or the rate at the date of each transaction. HMRC publishes annual average rates. Choosing a consistent method is important.

The same types of expenses as UK property: mortgage interest (as 20% tax credit for residential), management fees, insurance, maintenance, repairs, and letting agent fees.

The UK has DTAs with over 130 countries. For countries without a DTA, unilateral relief still prevents double taxation in most cases. Check HMRC's DTA list for your specific country.

Most countries require registration if you receive rental income there. Local tax advisers in the country of the property should be consulted for compliance requirements.

If foreign tax exceeds UK tax on the same income, you can only offset up to the UK tax. The excess foreign tax is not refunded but may be available as a foreign tax credit.

The £1,000 property income allowance applies to all property rental income including overseas. If total rental income is under £1,000, no tax is due and no reporting required.

On Self Assessment SA106 (Foreign) page. Report rental income under 'Income from land and property abroad', deduct allowable expenses, and claim any DTR.

Yes. UK residents pay CGT on gains from selling overseas property at 18%/24% for residential (28% for higher rate taxpayers before Oct 2024). You may also owe CGT or equivalent in the foreign country — DTR applies.

Overseas property losses can be carried forward against future overseas property profits. Pre-April 2020 losses from the overseas property may have different treatment.

No. Rental income is not subject to National Insurance contributions, whether from UK or overseas property.