OVERSEA RESIDENTS: 

For a Landlord living outside the U.K., tax legislation places the responsibility for meeting any tax liability upon the managing agents (or tenant if there is no Agent).

For this reason we strongly advise the 'NRL 1' Tax Exemption Certificate is applied for prior to a tenancy commencing. If this is not received we must retain tax on income and account for this quarterly to HMRC* (currently equivalent to 20% of the gross rent). To complete this form, you will require our registration number - please telephone of e-mail us to obtain this ‘NA’ reference.

It is the responsibility of the Landlord to advise us immediately if their status changes from UK resident to overseas resident.

For non-resident landlords without HMRC Tax Approval a standard fee of £20.00 per month will be charged. An administration expenses may be charged by the Agent for further work requested by the Landlord, the Landlord's accountant or the HMRC in connection with such tax liabilities.

In many cases, landlord's tax liability is minimal when all allowable costs are deducted. 

For further information regarding Income Tax for overseas landlords please contact: FICO (Non-Residents, St Johns House Merton Road Bootle Merseyside L75 1BB - +44 3000 516644

* HMRC = Her Majesty's Revenue and Customs (HM Revenue and Customs or HMRC)

updated 29/11/2018