Owning UK property

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between2shoresNew Member
Topic author
Posts: 1
Joined: 27 Feb 2011

Owning UK property

Post Sun Feb 27, 2011 7:57 pm

Anyone out there who has dealt/is dealing with this situation? I inherited my mother's house in Scotland Jan 2010. It is now being rented. Is it better to pay UK taxes up front and have a lawyer manage my money in one of their accounts so that there is always money to keep the house going e.g. insurance, house taxes, repairs and management fees etc.? I would have to declare the surplus after UK taxes for Canadian tax purposes.
OR should I transfer all remaining monies to Canada and pay all taxes here?
Can anyone recommend an accountant who deals with this type of thing in Western Canada?
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klynchCanuckAbroad Regular
Posts: 51
Joined: 7 Feb 2008
Location: Cheshire

Re: Owning UK property

Post Fri Mar 18, 2011 4:06 am

I am a Canadian CGA and Uk Chartered Accountant and Chatered Tax Adviser. My main area of practice is assisting expats with cross border tax issues. I can help with both your Uk and Canadian tax filing obligations regarding your UK property.

For further information please visit my website www.uknats.com. You can e-mail me at kmlynch@btinternet.com. Telephone 011 44 1782 444 256
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