I have a property in Scotland where I will earn under £10k on when I rent it out (currently I live in it)
If I live in the UK at the time, and make say £40k I will earn a total of £50k with the property and will be required to pay tax on that £10k. (minus other expenses and allowances etc.)
If, however, I live and work abroad, my UK income will be below the personal allowance so would I not have to pay tax on the rent from the property?
From here it seems I will be eligible to a personal allowance: https://www.gov.uk/income-tax-rates
Looking here, I see a mention of a £1k property allowance but nothing about my personal allowance, but from what I can tell I should still get a personal allowance on property income: https://www.gov.uk/renting-out-a-property/paying-tax
So basically, my question is, will I save money on tax if I rent out a property and do not live in the UK?
EDIT: I will likely be moving to somewhere in the EU, but this isn't certain yet and could be anywhere. This question is more about just understanding and planning for the future rather than a concrete plan.