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Landlord Tax Return

Personal Tax Return Services for Inhabitants and Non-Resident Landlords.

We are an expert accountant based in UK and provide top-notch landlord tax return services for a firm fee that safeguard that the tax liability of landlords is kept to a minimum.

We help you fulfil all your constraints for being a landlord when HMRC comes into play. If you are running a property business, or renting room, or a property/flat for long term, we will guide you the best suggestion to diminish your tax bill.

Here are the following points we can do for you:

  • Reckon your taxable position
  • Assemble your annual rental accounts for the residential let, FHLs or commercial properties
  • Counsel on claiming all the legal expenses to increase tax savings
  • Outright your tax return using HMRC approved software
  • Deal with all the compatibility and answer your taxation uncertainties
  • Provide you the proper direction on the tax liability to be payable to HMRC and when they are due.

We help you in obtaining approval from HM Revenue & Customs under the Non-Resident Landlords Scheme. Once approval has been acquired, the non-UK resident landlord has to submit an annual tax return form to HM Revenue & Customs made up to the 5th April of each year. 

You are free to pay tax on your rental income through Self-Assessment. You just need to fill in form NRL1i and send it back to HMRC. If you get the approval, HMRC will inform your letting agent or tenant not to deduct tax from your rent. After that, you need to declare your income in your Self-Assessment tax return. If you fail to update your taxes, HMRC will not approve your application.

Your letting agent or tenant will deduct basic rate tax from your rent and provide 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 occupant pays you more than £100 a week in rent, they’ll deduct the tax from their rent payments to you.

The NRL Scheme refers to UK rental income paid to non-resident landlords (both individuals and corporates). The acceptance requirements can affect landlords, tenants and letting agents. A non-resident landlord has UK rental income and whose ‘usual place of abode’ is outside the UK.

Example, if there is a non-resident company and the person lives abroad for 6 months or more in a year or even applies where an individual remains a ‘UK resident’ for tax purposes.

Rental income comprises money received for a wide variety of things such as:

  • Letting furnished, unfurnished, commercial and domestic premises
  • Utilization of rented property furniture.
  • Certain leases grant.
  • Fishing and shooting permits sporting rights.
  • Allowance of waste to be buried or stored on land
  • Allowing others to use the property – for example, for a film crew
  • Allowable expenses, such as repairs
  • Business investment schemes
  • Houseboats that are not moved around
  • Non-payment of rent insurance policies
  • Service charges