Income Tax (Trading and Other Income) Act 2005 section 357

Charge to tax on overseas property income

Section 357 establishes the charge to income tax on income from property located outside the United Kingdom.

  • Income from overseas property is subject to UK income tax.
  • This applies to rental and other income arising from land and buildings situated outside the UK.
  • The charge replaces the former Schedule D Case V rules under the Income and Corporation Taxes Act 1988.
  • The section was amended by the Finance Act 2008 to reflect updates in the legislative framework.

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