I'm thinking of moving abroad and am considering renting out my house. But I have three questions.
1. Will I have to pay tax on any rental income or would this be covered by my personal allowance in this country?
2. Under the concept of double taxation if I elect to be resident abroad would I lose the personal allowances on any UK taxable income or tax shelters such as ISA's. i.e. I would have to declare all my income under the tax regime of my resident country.
3. If I sold my house in a year's time after renting out, would I be liable for CGT on the profit after paying off the mortgage?
Many Thanks Dave