We would be grateful if somebody could advise…
My husband and I are early retirees,we have been living here in France for 16 months and our income comes from letting some small,furnished properties in the UK. We pay UK tax on this income and claim various expenses incurred by the properties against that tax (as calculated by our accountant in the UK).
We have a furnished property here in SW France that we want to let out through Homeaway.co.uk. Our question is this - if the rent is paid in sterling to our UK bank account,rather than in euros to our French account,can we pay tax on that income in UK rather than France,claiming expenses (furniture,decoration,cleaning etc) against that tax? Or do we have to pay tax on the rental income in France,because the property is in France?