Overseas Landlords
Taxation for overseas landlords
Under the Finance Act 1995, the Inland Revenue introduced a system of self-assessment, and all overseas landlords may apply to the Inland Revenue for a Certificate of Self-Assessment in order for rents to be paid over gross.
We strongly recommend that all overseas landlords apply for self-assessment. For those who have not applied, Naylors is required by law to deduct the tax for all overseas landlords at the basic rate from the net rental income and pay this on a quarterly basis to the Inland Revenue as well as charge a fee. As we are not qualified tax accountants, we recommend that you take professional advice regarding these regulations.