Non-Resident Landlords

Accountants for Non-Resident Landlords

Our specialist accountants for non-resident landlords are helping hundreds to get registered under HMRC’s non-resident landlord scheme so they can save more and stay compliant. We help in filing your tax returns, assist in handling rental income, and ensure smooth transactions. Therefore, you can save most with minimum liabilities.

Few of our services for non-resident landlords in London are:

Registration for Non-resident Landlord Scheme
Filing Self-Assessment Tax returns
Bookkeeping Services
Consultancy on taxes
Working with HMRC on behalf of non-resident landlords

Specialist Accountants for Non-Resident Landlords in the South Yorkshire

A non-resident landlord is a landlord who lets out property in the UK but spends more than six months in the tax year outside the UK. A special tax scheme – the non-resident’s landlord scheme – applies to these landlords. Under the UK non-resident landlord scheme, the tax must be deducted by a letting agent or tenant from the rent paid to the non-resident landlord and paid over to HMRC.

You need to pay tax on your rental income if you rent out a property in the UK.
You may also need to pay tax if you make it again when you sell residential property in the UK.
If you live abroad for 6 months or more per year, you’re classed as a ‘non-resident landlord’ by HM Revenue and Customs (HMRC) – even if you’re a UK resident for tax purposes.

How You Pay Tax as a Non-Resident Landlord in the South Yorkshire

You can get your rent either:

In full and pay tax through Self Assessment – if HMRC allows you to do this
With tax already deducted by your letting agent or tenant

Get Your Rent in Full

If you want to pay tax on your rental income through Self-Assessment, fill in the non-resident landlord form i.e.,

NRL1, if you’re an individual
NRL2, if you’re a company
NRL3, if you’re a trust, send it back to HMRC.

If your application is approved, HMRC will tell your letting agent or tenant not to deduct tax from your rent, and you’ll need to declare your income in your Self-Assessment tax return.

HMRC will not approve your application if your taxes aren’t up to date or if you’re late with your tax returns or payments.

Need help with your NRL application or Self-Assessment? Talk to our specialist accountants for non-resident landlords in London today!

Get Your Rent with Tax Deducted

Your letting agent or tenant will:

Deduct basic rate tax from your rent (after allowing for any expenses they’ve paid)
Give you a certificate at the end of the tax year saying how much tax they’ve deducted
If you don’t have a letting agent and your tenant pays you more than £100 a week in rent, they’ll deduct the tax from their rent payments to you.

Want to reduce tax deductions and manage your rental income more efficiently? Get in touch with our expert accountants for non-resident landlords today!

Best South Yorkshire Accountants: Regulated by ICAEW, ACCA & AAT

Top accounting associations like the Institute of Chartered Accountants of England & Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), and the Association of Accounting Technicians (AAT) have certified our team of South Yorkshire accountants.