I have to complete a tax return (yipee) for the tax yr Apr 2005-06. Situation is this: I moved overseas in October 2005 (within EU), prior to that I was in employment with PAYE tax deducted at source.
I have two properties in the UK which I let out. At various times one or other of these has stood empty. I also have a few k in investment trusts which I guess are taxed already. Question: without wanting to sound like a capitalist traitor dog, what is the best option for minimising the tax bill - I understand if you set yourself up as a 'sole trader', or limited liability or something like that it is one poss. loophole.
I earn (not very much) money where I am living, teaching English, this is deducted here. There's a double taxation with the country in question (Lithuania). Finally I did some work in the summer for a UK co. on a freelance basis. This will go on next year's return so I need to know best approach should I do any more work on this basis.
Cheers
2006-11-26
02:54:29
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6 answers
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asked by
whyteay
2
in
United Kingdom