We can help you determine whether you have a requirement to file a UK Tax Return. The most common reasons being rental income earned on a UK residential property, through running a small self employed UK based business, significant Dividend extraction from a UK Company.
We are Registered Agents with HMRC in the UK. We can also deal with any UK Corporate filing requirements at Companies House and give advice on any UK or International tax planning options that may be of benefit to you and your family.
The UK tax requirements for British expats and non-residents are not always straightforward. Whether you need to pay tax depends on if you are classed as ‘resident’ in the UK for tax purposes. If you are not UK resident, you will not have to pay UK tax on your foreign income. If you are UK resident, you will normally pay tax on your UK sourced income and foreign income.
The UK does have an extensive network of double taxation agreements and providing they are considered carefully they should reduce the risk of a taxpayer being doubly taxed.
Yes, the UK has a special tax regime for “Non-Resident Landlords”, and this is maintained by HMRC by passing responsibility for the collection of withholding tax over to property management companies and your tenants.
The default withholding tax position for an individual is 20% of your gross rental income, this is then paid over to HMRC by your letting’s agent, and you can claim relief for the tax withheld when you submit a tax return.
It is possible to register as a non-resident landlord with HMRC. Once approved HMRC will notify your letting agent to release rents to you without any withholding tax. You will be registered to file a tax return and obliged to report your rental income and expenses on an annual basis.
The form to register as a non-resident landlord and ensure you received rents gross is form NRL1 ‘Application to receive UK rental income without deduction of UK tax – individuals
If you are either classed as a tax resident in the UK or receive an income in the UK (for example from renting out a property), you will normally receive a personal tax allowance on your UK income of £12,570 for the tax year 2023/24.
In general non-residents are not subject to UK tax in respect of capital gains realised on the disposal of UK assets.There are, however, three exceptions to this general rule.
An individual who is non-resident for less than five complete tax years is assessed in the year of his return on gains realised during his absence on assets he held on the date of departure.
This does not apply to those individuals who were resident in the UK in less than four of the seven tax years preceding the year of departure.
This does not apply to those individuals who were resident in the UK in less than four of the seven tax years preceding the year of departure.
In general non-residents are not subject to UK tax in respect of capital gains realised on the disposal of UK assets.There are, however, three exceptions to this general rule.
An individual who is non-resident for less than five complete tax years is assessed in the year of his return on gains realised during his absence on assets he held on the date of departure.
This does not apply to those individuals who were resident in the UK in less than four of the seven tax years preceding the year of departure.
This does not apply to those individuals who were resident in the UK in less than four of the seven tax years preceding the year of departure.
If you make the disposal as a non-resident, you are required to report it within 60 days, even if there is no tax to pay. This applies to disposals of all UK land and property by non-residents, not just residential property. If there is any tax to pay, then it is also due within 60 days.
As a firm we provide a service where we can prepare the Capital Gains Tax workings, register you for this report, calculate any CGT owed and ensure it is filed within 60 days of disposal.
If you make the disposal as a non-resident, you are required to report it within 60 days, even if there is no tax to pay. This applies to disposals of all UK land and property by non-residents, not just residential property. If there is any tax to pay, then it is also due within 60 days.
As a firm we provide a service where we can prepare the Capital Gains Tax workings, register you for this report, calculate any CGT owed and ensure it is filed within 60 days of disposal.
We can help you with advice on what to do to ensure you receive where possible the full UK State Pension as you approach retirement
We can help you with advice on what to do to ensure you receive where possible the full UK State Pension as you approach retirement
Determining UK Residency Status
There are 3 tests to consider.
You will be non-UK resident for the tax year if you were resident in the UK for one or more of the 3 tax years before the current tax year, and you spend fewer than 16 days in the UK in the tax year.
You will be non-UK resident for the tax year if you were resident in the UK for one or more of the 3 tax years before the current tax year, and you spend fewer than 16 days in the UK in the tax year.
You will be non-UK resident for the tax year if you were resident in the UK for none of the 3 tax years before the current tax year, and spend fewer than 46 days in the UK in the tax year.
You will be non-UK resident for the tax year if you were resident in the UK for none of the 3 tax years before the current tax year, and spend fewer than 46 days in the UK in the tax year.
You will be non-UK resident for the tax year if you work full-time overseas over the tax year and:
A significant break is when at least 31 days go by and not one of those days is a day where you:
The test:
