Keep the taxman happy while renting your property from afar

Renting out your property should be a good way to earn extra cash. Just don’t forget to pay your tax.

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File that return before you chill out
(Image credit: cdwheatley)

Most of us dream at some point of what it would be like to up sticks and move to another country, and every year thousands of us act on that dream. During the year to June 2017, for example, 342,000 people living in the UK chose to move elsewhere, 26,000 more than the previous year, according to the Office for National Statistics. If you're keen to join them, but want to keep your UK property to rent out, just make sure you're aware of the tax implications.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.