Overseas Landlords

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  • Santa Fe
    replied
    Boletus, thank you.

    Leave a comment:


  • boletus
    replied
    You fill out this form requesting to have rental income without deduction of tax and pay it yourself;

    https://www.gov.uk/government/public...dividuals-nrl1

    Leave a comment:


  • Santa Fe
    started a topic Overseas Landlords

    Overseas Landlords

    I'm from UK but live overseas and recently discovered that I should be registered as an overseas landlord. I've done a bit of research on what it involves and it seems a bit of a headache - tenants have to fill out forms and pay tax from their rent direct to HMRC. If anyone here is registered as an overseas landlord could you give me some more insight please? Many thanks!

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  • Will they raise taxes again?
    by JK0
    My accountant just finished my 2020/21 tax return, and my income is half of the previous year. I did not think it would be quite that bad. (Half my tenants moved out, and I had a job to replace them. Plus had to get fourteen EICR's!)

    I'm guessing you guys are in a similar boat. Never mind...
    27-11-2021, 20:20 PM
  • Reply to Will they raise taxes again?
    by Gordon999
    Corporation tax for large companies ( over £250K profit ) will be raised from 19% to 25% rate commencing from April 2023.
    30-11-2021, 21:35 PM
  • Reply to Corporation Tax
    by Gordon999
    There seems to be 2 problems ( I am not an accountant ) :

    (1.) The company has to pay £30,000 tax due to revaluation of property asset increased higher by £150,000 ( estimated). Does it have the cash in its bank account to pay ?

    ( 2) husband owns one third interest of property...
    30-11-2021, 14:09 PM
  • Reply to Will they raise taxes again?
    by theartfullodger
    Taxes bound to go up, huge amounts to pay for Covid & BR*X*it. Death & taxes, death & taxes.

    Holding off working out my position, wishing to remain cheerful for Christmas.

    Best wishes to all...
    28-11-2021, 10:45 AM
  • Reply to Will they raise taxes again?
    by Neelix
    ^^ please don’t take this the wrong way but £10 k down on what turnover or number of properties?

    i’ve done a lot of EICRs and remedial work over the last 18 months and a lot of it was because properties hadn’t been inspected and some were just dangerous....
    28-11-2021, 10:29 AM
  • Reply to Will they raise taxes again?
    by jpkeates
    I'm about £10k down and it's mostly electrical work.

    I can't see this government putting up taxes anymore before the next election, although there's nothing to say that they won't figure out how to tax landlords more specifically - there's few votes lost there.

    My candidate...
    28-11-2021, 10:07 AM
  • Reply to Will they raise taxes again?
    by Neelix
    That's a lots of unsatisfactory EICR's and remedial work - so not annual costs!...
    28-11-2021, 09:00 AM
  • Reply to Will they raise taxes again?
    by Neelix
    Wow.

    So that must be lots of unsatisfactory reports and lots of remedial work.

    so not annual Costa...
    28-11-2021, 08:31 AM
  • Reply to Will they raise taxes again?
    by jpucng62
    Clearly you were a bit behind on your electrical work!...
    28-11-2021, 06:58 AM
  • Reply to Will they raise taxes again?
    by JK0
    The EICR's cost around £12k in total....
    27-11-2021, 22:48 PM
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