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Originally Posted by DianeLouise
Hi Dave,
Thanks for the info. I have seen accountants and was told that I do NOT need to pay tax on earnings from Dubai, especially if the monies are not brought into the UK. This is a bit of a wooly answer to me and would like clear confirmation of the facts. I even spoke with the Inland Revenue who also gave contradicting advise! Why is this subject so unclear, maybe a new thread needs to be started on this.
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Diane, i think you are panicking unnecessarily. Another point one must remember if you have a spouse always buy in joint names, as you can maximise your cgt allowance. Ok this link will answer all questions you ever had and i hope it's very straight forward for all those doubtfuls out there.
Tax on overseas property lettings : Directgov - Money, tax and benefits