Tax Guides

Are you a non-resident landlord?

Are you a non-resident landlord? From 6th April 2013, the Statutory Residence Test came into effect. 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.

Non-resident landlord companies

Non-resident tax return

If you’ve moved away from the UK, you might still have to complete a tax return, particularly if you’re renting out property.

Automatic exchange of information

HMRC is actively working to prevent and address tax non-compliance, including tax evasion, through various means. One such method is through agreements on Automatic Exchange of Information (AEoI).

Stamp Duty Land Tax rates for non-residents

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

The statutory residence test and the tax implications in the UK

To put it briefly, if you spend 183 days or more in the UK during any tax year, you are considered a resident in the UK for tax purposes.

Residency and domicile

It’s beneficial for individuals to understand the distinction between residency and domicile. Let us clarify.

Reporting and payment of Capital Gains Tax on UK property

All disposals of UK properties must be reported, and Capital Gains Tax must be paid within 30 days of the sale’s completion.

Capital Gains Tax for non-residents

If you sell a residential property in the UK, you are subject to tax on the capital gain.