Offshore Income & Foreign Assets
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Offshore Income & Foreign Assets – Expert Tax Support for Expats
If you live in the UK and earn income from abroad, the tax rules can quickly become confusing. From overseas rental income to offshore pensions, working out what must be declared — and how to avoid double taxation — is far from easy.
At UK Tax Returns we specialise in helping you report offshore income accurately and efficiently. We explain exactly what HMRC expects, ensure you only pay the tax you need to, and complete your Self Assessment with full compliance and clarity.
We handle everything for you, including foreign tax credits, double tax treaty claims, remittance basis claims, and HMRC disclosure support if you have income from previous years that needs correcting.
Why Choose Us for Offshore Income
Living in the UK while earning income abroad creates a unique mix of tax questions and obligations, across two countries. We’re here to make everything clear, simple, and compliant.
What our clients say
Our clients consistently rate us highly on Trustpilot, praising our clear advice, responsive service, and personable approach. Our reviews reflect our commitment to delivering exceptional UK tax support that you can trust.
Excellent Service for Overseas Income
I’m using UK Tax Returns for several years now … I received an excellent service throughout this time. I can recommend UK Tax Returns in particular for handling overseas income.
Quick, Efficient & Remarkably Improved
Uk tax return prepared my tax filing which was a complex case (overseas, property, and equity). They completed the work quickly and efficiently, a remarkable improvement over the experience from one of the "big three" past years.
Super Helpful & Great All-Round Service
Super satisfied! Never quite know the service you are going to get when you research for service providers on line, but I can 110% recommend U.K. Tax Returns. Kelly has been super helpful and has patiently explained difficult areas of U.K. taxation and how this is impacted by overseas earnings. Prompt responses and a great all round service.
Tell Me More…
As a general rule, if you are UK tax resident, you are required to pay UK tax on your worldwide income—even if that income has already been taxed abroad. This often comes as a surprise, as many individuals mistakenly believe that paying tax in the country where the income arises is enough to remain fully compliant. Unfortunately, this isn’t the case under UK tax law.
The positive news is that the UK has one of the largest double taxation treaty networks in the world, designed to ensure that the same income is not taxed twice. Where a treaty exists between the UK and the country in which the income arose, you can usually claim a credit for the foreign tax already paid. However, the amount of credit available may sometimes be limited, and there are situations where the UK tax rate exceeds the rate applied overseas—meaning an additional UK tax liability can still arise.
Why Use A Tax Advisor?
Working with UK Tax Returns provides the confidence that everything has been handled properly.
We know the tax rules inside out; tax legislation changes frequently, and HMRC’s system doesn’t explain, offer helpful prompts, or flag mistakes.
Without specialist knowledge, it’s easy to overlook deductible expenses or misreport income — both of which can lead to overpaid tax or penalties.
