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Thank you for your prompt response. I am pleased about not having a CGT issue. Regarding the rental income, I completed a Non Residents Landlord Form which allows the rental income to be paid gross. For tax year 2011/12, net income (i.e. after expenses) was just over £9000 which is around the UK single persons allowance? For tax year 2012/13, it will be a little less as the property was void for 6 weeks or so whilst a new tenant was found. I believe I am obliged to declare my world wide income for assessment in the IOM, which is what I have done. Should I being anything further as I don't want to fall foul of HMRC?
Thanks Tony. I've double checked and my rental income is less than the UK personal allowance in each year sdo I think all bases are covered. thank you for your assistance, I can rest easy!