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Forum: Canada

May 22nd 2008, 3:31 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

OK so far? Let's role forward a year.

In 2010 you file your UK tax return for the year ended April 5, 2010. Your rental income is UKP6000 (500 x 12) and you pay 20% tax = UKP1,200.

You now...

Forum: Canada

May 22nd 2008, 3:21 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

Let's say you started the rental of your UK house on July 1, 2008 and you make a profit of UKP500 a month, the exchange rate is 2:1 and your marginal tax rate in Canada is 30%. Further, let's also...

Forum: Canada

May 22nd 2008, 2:53 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

I'm not trying to put you off posting. There are forums on BE where hyperbole is not only accepted, but it is expected. However, when someone is asking for factual advice on which to base some...

Forum: Canada

May 22nd 2008, 12:47 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

My bank takes the rental income I receive into account when assessing my income. The rental income is from Canada so maybe that makes a difference.

^^ very important.

Forum: Canada

May 22nd 2008, 12:43 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

Why do you say this? It is just not true.

Forum: Canada

May 22nd 2008, 12:43 pm

Replies: 18

keeping property in the UK

Views: 1,037

Posted By JonboyE

Re: keeping property in the UK

If you live in Canada it has everything to do with Canada. If you benefit from the services available in Canada you have to pay your fair share towards the cost of providing them.

Yes there...

Showing results 1 to 6 of 6