kenf Posted April 7, 2009 Report Share Posted April 7, 2009 Hello all, my first post here... I recently let out the property that was living in, moved abroad and have withdrawn an amount of money - money is still kept in the UK. My simple question is whether I'm liable to any tax deductions (e.g. will the money extracted from the BTL be treated as earning and therefore taxed?) on the money taken out? Thanks, Kenf Link to comment Share on other sites More sharing options...
web2dude Posted April 9, 2009 Report Share Posted April 9, 2009 I think you should be ok if this is your principle private residence in the UK. Are you paying tax in the UK or abroad as there may be a tax liability in your new country of residence. Best to check it out with an accountant for a definitive answer. Link to comment Share on other sites More sharing options...
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