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UK and overseas property businesses

The profits and losses from UK and overseas lettings are determined separately for tax purposes. Read this article to find out about what constitutes a UK property business and an overseas property business.

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Taxation of Buy to Let Properties

The income is treated as the profits of a Property Income Business. If the owner of the property is an individual or a trust the profits are charged to income tax for the tax year to 5th April. If the owner is a company the profits are charged to corporation tax for the accounting period of the company.

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