Address :- 152-178 Kingston Rd, New Malden KT3 3ST, UK
Timing :- Mon - Fri : 09:00 - 17:00
Phone :- 020 8191 9583
Email :- info@zahtaxaccountants.com
Address :- 152-178 Kingston Rd, New Malden KT3 3ST, UK
Timing :- Mon - Fri : 09:00 - 17:00
Phone :- 020 8191 9583
Email :- info@zahtaxaccountants.com
ZahTax Accountants is an independent firm of Chartered Certified Accountants providing Non-resident Landlord tax Services. We have a specialist team of property tax experts who can help with all your landlord tax compliance in the UK.
Our expert team has in-depth knowledge about the non resident taxation. It can provide solutions for all types of non resident landlords, such as single or multiple property landlords, HMO serviced apartments, and student accommodation.
| Personal allowances | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £150,000 | 40% |
| Additional rate | over £150,000 | 45% |
If you are NOT eligible for UK Personal allowances, the tax rates applicable on your non resident UK rental income would be::
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £150,000 | 40% |
| Additional rate | over £150,000 | 45% |
There is usually no tax for those who are not resident in the UK. However, if any non-resident has UK source of income, in particular, UK property income, there will potentially be tax liability to pay. The non resident landlords are subject to Non resident Landlord Scheme (NRLS). The Non resident landlord scheme applies to those who have:
Under NRLS, your estate agent or tenant will deduct basic rate tax (20%) from your rental income after allowing for any expenses they have paid. They will issue you a certificate at the end of the tax year showing how much tax has been deducted during the year.
The tax deducted by the estate agent/tenant is unlikely to be equal to the landlord’s actual tax liability because the rules for non resident landlord scheme are different from those for calculating taxable rental income. Non resident landlords can set off the tax deducted by estate agents or tenants with their tax liability when they file their annual self assessment tax return. They can claim repayment of any excess tax deducted by their estate agent.
Non resident landlords can apply to receive their rental income as gross from estate agents/tenants. They are required to complete a form called Non resident Landlord form (NRL1 form). HMRC will normally grant permission to receive rental income as gross if they are satisfied that the applicant is UK tax compliant and has no overdue tax filings or unpaid tax liabilities. Once the gross payment status is granted, the NRL must complete and submit self assessment tax returns every year and ensure that the tax liability is paid on time.
Non resident landlords are required to file their self assessment tax return every year. The relevant tax period for non resident landlords in the UK starts on 6 April and end on the following 5 April. The deadline to submit the tax return for such period is the following 31 January, after the end of the tax year. For example, for the tax year 6 April 2022 to 5 April 2023, the deadline to submit the tax return and to pay any taxes is 31 January 2021.
Our team of specialist non resident landlord tax accountants can provide you with the following services:
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