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Non-resident tax guides

Home » Non-resident tax guides

Are you a non-resident landlord?

From 6th April 2013 there is The Statutory Residence Test. Firstly you need to consider the automatic tests to determine whether or not you are resident in the UK.

Self assessment for overseas landlords

Our guide to Self assessment for non-resident landlords.

Penalties for late filing or payment

Failure to file your return on time will increase your risk of being picked by HMRC for an enquiry.

Changes affecting non-resident landlord companies

HMRC is planning to bring all UK and non-UK property owners on to the same tax schemes. What does that mean for you?

Non-resident tax return

If you no longer live in the UK, you may still need to file a tax return, especially if you are letting property.

Double tax agreements (DTA’s)

It is important to know that if you are resident in the UK, you will be assessed for tax purposes on your worldwide income.

Automatic exchange of information

HMRC are actively trying to deter and tackle tax non-compliance, such as tax evasion, in a few different ways. One such way is through Automatic Exchange of Information (AEoI) agreements.

Stamp Duty Land Tax rates for non-residents

Stamp Duty Land Tax (SDLT) is a tax charged on the purchase or acquisition of property or land over a certain price in England and Northern Ireland.

Tax returns and your responsibilities as a non-resident landlord

If you let out a property in the UK and you are UK non-resident, you must complete a UK self assessment Income Tax Return.

The statutory residence test and the tax implications in the UK

In summary, for any tax year, if you are present in the UK for 183 days or more, you are resident in the UK.

Residency and domicile

It’s helpful for individuals to know the difference between residency and domicile. Let us explain.

Split year treatment

An individual is treated as resident in the UK when they have either arrived in the UK or left the UK permanently during the tax year.

Reporting and payment of Capital Gains Tax on UK property

The disposal of all UK properties must be reported and the payment of Capital Gains Tax made within 30 days of the completion of the sale.

Capital Gains Tax for non-residents

If you dispose of a dwelling in the UK, you are liable to tax on the Capital Gain.

Self assessment for non-resident landlords

From 6th April 2013 there are automatic tests to determine whether or not you are resident in the UK.

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