British Expats - Bittersweet UK trip!

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Re: Bittersweet UK trip!

Robin we have some similarities. I am 68 and looking to move back to UK December - May and then back to USA ( Pennsylvania) May - November.

I am buying a bungalow in UK to live in and will probably rent out for 6 months I am in USA, mostly for security reasons.If I rent my bungalow does that mean I will have to file taxes.

I collect a UK state pension paid into my UK Bank account, and I have a USA works pension and SS.

I will not work in UK, but will probably continue to do some part time work in USA and pay taxes here in USA. Do I even have to do anything with taxes in UK?

I plan to take my driving test, register with a doctor's surgery.

Do you keep two phones or just one and change the SIM card.

Any thoughts or suggestions for living half year here, half year there? Anything I need to be aware of.

â€‹â€‹â€‹â€‹â€‹â€‹â €‹Stephen

Re: Bittersweet UK trip!

Quote:

Originally Posted by samiam1066 (Post 12624137)

Hi, in terms of 'phones, I keep things simple. I do not have a mobile phone, either in US or UK. I see no particular need for one. I have a phone in both counties, but in both cases it is screwed securely to the kitchen wall! My main communication device is an iPad, so I pay for home wifi in both countries.

As for tax, yes, renting out your home in the UK will add complexity. You'll probably do a self assessment in the UK, pay tax there, then hopefully be able to claim a credit in the US.

Re: Bittersweet UK trip!

Quote:

Originally Posted by samiam1066 (Post 12624137)

.... I plan to take my driving test, ...

Did you never have a DL in the UK?
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Re: Bittersweet UK trip!

Quote:

Originally Posted by samiam1066 (Post 12624137)

If you're planning to rent your property for 6 months per year, there's quite a bit for you to think about. Most important if you're a first time landlord in the UK is to do your research on all this entails. There are lots of regulations that landlords must abide by, from annual gas safety certificates and deposit protection to mandatory and selective licencing. Renting your property under an AST every year wouldn't be practical, as 6 months is the minimum period so you'd forever be sending your tenants a S21 notice 4 months into the tenancy to vacate - not good for you or the tenants.

So short term/holiday lets would be what you'd be looking at, which come with their own set of regulations and challenges. Who would you get to manage the bookings, the maintenance (think middle of the night calls because the boiler's not working), the meet and greets and the cleaning etc every changeover. Is the bungalow in an area that would attract people on holidays or short visits to the area?

Just a few things to think about, hope it's helped and best of luck.