Selling house in UK and moving near family in DR

A

Acembly

Newbie
Oct 12, 2018
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Hey. I'm looking into moving here to be with family - however I recently bought a flat here in the UK and I'm not quite sure what to do next. I could keep it and let it, but then I'd have income from another country and it'd still be taxed as income even though I'm not in the country (this monthly rent would be just over £1000 p/m) on top of income from working here. I was wondering how that'd be taxed, and if that's enough to fund a small flat/apartment in Santa Domingo? from people who live there/understand housing costs?

Many thanks.
 
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melphis

melphis

Living my Dream
Apr 18, 2013
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I say go for it and it will sort itself out. The world needs more spontaneity.
 
drstock

drstock

Silver
Oct 29, 2010
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When I moved here I also had income from a rental flat in the UK, with similar income to yours. You would pay hardly any UK tax on GBP 1000 per month after expenses are deducted. But then you say you will have income here but give no idea of how much. However, the GBP 1,000 alone should be enough to pay for a small flat in SD, if that's what you're asking.
 
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