Any tax if I keep my rental income in Dubai?
Question I am a British citizen, residing in the UK. I have recently bought an apartment in Dubai. I am hoping to rent it out, making an income. I have a bank account already opened over in Dubai. If I keep the rental income in Dubai, will I still have to pay tax on this money in the UK?
Even if you keep the money in Dubai, you will still need to pay income tax on this money in the UK. And if you sell this property and make a gain, you will have to pay UK CGT on the gain.
However double taxation relief may be available to mitigate the effect of Dubai income tax – see the Inland Revenue Manuals page DT 6151.
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