TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Non-Resident Landlords

Replacement forms and notes for Non-Resident Landlords are now available on the HMRC website.

The Non-resident Landlords Scheme is a scheme for taxing the UK rental income of non-resident landlords.

The scheme requires UK letting agents to deduct Basic Rate tax from any rent they collect for nonresident landlords. If non-resident landlords don't have UK letting agents acting for them, and the rent is more than £100 a week, their tenants must deduct the tax.

Letting agents and/or tenants do not have to deduct tax if the non-resident landlord has successfully applied for approval from HMRC to receive rents with no tax deducted.

However, it should be noted that the rent remains liable to UK tax and must be included in an annual tax return to HMRC.

The replacement forms and notes are available at http://www.hmrc.gov.uk/cnr/nr_landlords.htm.