RELOCATION BLOG
Do You Have to Pay Tax?
When renting a residential property in the UK, the tenant must pay Stamp Duty Land Tax (SDLT) if the rent is over a certain rental amount in England and Northern Ireland, Land and Buildings Transaction Tax (LBTT) in Scotland, or Land Transaction Tax (LTT) in Wales (as of 1st April 2018).
The value thresholds are £125,000 in England and Northern Ireland, £145,000 in Scotland, and £180,000 in Wales (as of 1st April 2018).
In the UK, most tenancies are created when both parties to the agreement, the landlord and the tenant, sign a tenancy agreement before the start of the tenancy.
However, there are some instances where a tenancy agreement does not exist, for various reasons. We recently helped a customer who relocated to the UK and found a property to rent from a private landlord who had chosen not to use the services of a letting agent in order to save a few quid. We wold usually only recommend taking a property through a letting agent but due to a dire lack of availability in the area, the customer had little choice.
Every expatriate renting and/or owning a property in Dubai has to pay housing fee.
The housing fee is collected by Dubai Electricity and Water Authority (Dewa) on behalf of Dubai Municipality and the fee is applicable for all expatriates resident accounts in Dubai, according to Dewa.
As per directive of the government of Dubai, the housing fee is charged to an account on the basis of 5 per cent of the annual rent amount (for tenants), or 0.5 per cent of the property purchase price (for expatriate owners residing in their properties).
