Non-Resident (Overseas) Landlords & Taxation

bpl are FICO registered and as such we are able to pay rents gross to non resident landlords on receipt of a certificate from the Inland Revenue, copies of the relevant application forms are available from our office. Landlords need to be aware that the Inland Revenue have to be informed within 6 months of letting a property, flat or apartment in the U.K. Failure to do this could result in penalties, interest and other consequences. This includes all individuals and Companies regardless, of their residency. Therefore non U.K. residents cannot escape these obligations. Under the latest regulations, the agent who collects rent for you has to deduct an amount that’s equivalent to Basic Rate Tax and pay it to the Inland Revenue each quarter. If the rent is not collected by us or another of your agents, such as an accountant or solicitor, we will let your tenants know that they must deduct tax from their rental payments and pay the Inland Revenue.

Non-Resident Landlords, must obtain authorisation from the Inland Revenue so that they can receive payment of property rental income "Gross". Without this authorisation, the letting agent or tenant will deduct Income Tax from the rent due and pay it over to the Inland Revenue.

If you live abroad, you can apply to the Inland Revenue for exemption. As long as your tax history is good, you will be sent a certificate that will authorize us to pass on the rent to you without deducting tax. We can provide you with the necessary application form. You will have to apply for this exemption yourself and it is a good idea to do it as soon as possible.

For more information please visit the HMRC website

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