Overseas Landlords

The Non-Residents Landlords (NRL) Scheme is for taxing the UK rental income of Non-Resident Landlords.

A Non-Resident Landlord is a person who has:

  • UK rental income
  • A usual place of abode outside the UK

The scheme requires letting agents to deduct base rate tax from the rent they collect for Non-Resident Landlords. A letting agent does not have to deduct tax if H.M. Revenue & Customs (HMRC) tell them not to, following the landlord successfully applying for approval that they receive rent with no tax to deducted.

An approval number will then be allocated by HMRC and your letting agent should be advised of this number.

Click: http://www.hmrc.gov.uk/cnr/nr_landlords.htm#2

Even though the rent may be paid with no tax deducted it may still remain subject to UK tax and must be included in any tax return.

We always recommend that advice be obtained from a qualified accountant.

To apply for approval to receive UK rental income with no tax deducted & obtain details of the application form, (NRL I) & guidance notes

Click: http://www.inlandrevenue.gov.uk/cnr/nr_landlords.htm

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