Resources
All you need to know about your residential letting business.
Resources for landlords of UK property
Tax returns for the UK property landlord. Making UK tax easy for property owners. Whether you are a UK landlord or a non-resident landlord, Landlords Tax Services provide a complete property tax service which ensures your UK tax affairs are dealt with on time and worry-free. We do it all online and for a fixed fee. No surprises. No stress. Landlords Tax Services offer the easy, professional way to deal with the UK tax obligations of landlords. UK property tax laws are ever-changing and, with more and more people becoming investors and landlords of properties in the UK, Landlords Tax Services have created an easy to use service aimed at providing new or experienced landlords with an efficient system to fulfil their UK property tax needs. Tax Returns for landlords of UK property: the complete tax service for residential property landlords. Our UK based landlord tax accountants can help you comply with UK property tax laws wherever you are in the world. We provide an online, fixed fee property tax service that ensures that the UK tax liability of landlords is kept to a minimum. Our mission is to deal with all our clients’ tax affairs on time and with no stress.
Owners of UK rental property who live outside the UK are obliged to register for UK taxes whether any tax is due or not. The UK has Tax Treaties with over 130 other countries. These treaties generally include sections designed to prevent the same income being taxed twice. Usually the UK will tax UK rental income first and the other country will allow you to deduct the UK tax from the local tax up to an amount equal to the local tax. Tax returns for the UK property landlord. British and EEA citizens living anywhere in the world, along with many other people living in the country of which they are citizens, are entitled to the UK “Personal Allowance”, a £0% rate band that means the first £12,570 of profit from rental may be free of tax in the UK, and profits between £12,570 and £50,270 are taxed at 20%. Higher rates apply to UK income in excess of £50,270 (2024-25 rates).
Resources for landlords of UK property
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Guide for UK resident landlords
This summary relates to a residential letting business, which is applicable to most individual landlords. Special rules apply to the RENT A ROOM scheme and to HOLIDAY LETS. Hotels and Guest Houses are also excluded from these general rules. Rents and allowable expenses – Rents less allowable expenses are taxable as part of the taxpayer’s total UK income. The main rule for allowable expenses is that they must be wholly and exclusively […]
Resources for landlords of UK property
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Guide for non-resident landlords
Non-residents – Special rules apply to non-resident landlords (see tax deduction below). A person is subject to UK income tax in any year in which he or she has any income arising in the UK which is untaxed or not taxed at the right rate (with special rules in the years of emigration and immigration). With effect from April 2015 all disposals of UK residential property by non-residents attract Capital Gains Tax. Similarly with effect […]
Resources for landlords of UK property
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Making Tax Digital For Landlords
Some important changes are being made to the way HMRC collects information about your income from UK property. The changes are a result of the HMRC “MTD” (Making Tax Digital) initiative. These changes don’t come into effect for some time, but we want you to be ready when they the changes occur. The changes will require more effort from you, from us and from your letting agent […]
Resources for landlords of UK property
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HMRC Guidance
Useful notes from the UK tax authority on: income from property, Capital Gains Tax and residency. Property Income Manual; Capital Gains Manual; Statutory Residence Test. Property Income Manual – These are technical manuals and an appendix published by the H.M. Revenue & Customs. Sections 1000 – 4699 comprises 12 manuals dealing with the taxation of property income generally. Sections 4700 – 4799 deal with the taxation […]
Resources for landlords of UK property
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Personal tax rates
Find here UK Income Tax rates and Personal Allowances. Please note that the rates shown on this pages only apply to residents of England, Wales and Northern Ireland, and to all non-residents. The rates shown on this page do not apply to residents of Scotland. Starting Rate for Savings; Personal Savings Allowance; Personal Allowance (tax-free); Income Tax Rates; Capital Gains Tax (CGT); Annual Tax on Enveloped Dwellings (ATED) […]
Resources for landlords of UK property
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Company tax rates
Find here Corporation Tax rates and allowances for UK companies. From 5th April 2020 Non-resident companies of which the income is derived mainly from UK property have been subject to UK Corporation Tax in the same way as UK companies. For companies with profits under £300,000 the Corporation Tax rate is 19%. Calculation of the taxable income broadly follows the rules for individuals except that: Transactions occurring […]
Resources for landlords of UK property
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UK tax calendar
Keep on top of the UK tax deadlines with this handy tax calendar. Self Assessment Income Tax; Capital Gains Tax CGT); Annual Tax on Enveloped Dwellings (ATED); Inheritance Tax (IHT) – On death: Payment has to be made before the end of the sixth month after the person has died. Lifetime transfers: If the transfer was made between 6th April and 30th September, the payment is to be made before 30th April following. If the transfer is made […]
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