Opting out of the non-resident landlord scheme
Landlords who live abroad for more than 6 months a year must pay income tax on rental income from UK property. Their letting agents and tenants withhold this tax through the non-resident landlord scheme. It is usually beneficial to apply to HMRC to be permitted to receive the income gross and make maximum use of any available allowances and reliefs, before calculating and paying this tax through Self Assessment. We can make this application on your behalf, as it requires confirmation that past and future tax obligations are satisfied.
Companies with a registered office or main place of business outside the UK that rent out property in the UK should also complete UK corporation tax returns to ensure they maximise tax reliefs.
For help with your UK tax reporting please click here.