Are you a non-UK resident landlord earning rental income from UK properties? We understand that navigating the complexities of NRL Forms can be overwhelming and time-consuming. That's why we're here to help!
Non-Resident Landlords (NRLs) who own UK property while living abroad must pay tax on rental income. The Non-Resident Landlord (NRL) scheme facilitates the collection of tax on UK rentals through the landlord's UK letting agent or tenant.
Through the NRL scheme, non-resident landlords have the option to apply to HMRC to receive gross rent. This means you can receive your rental income without having the basic rate tax deducted by either your agent or tenant.
To receive UK rental income without tax deductions, complete the appropriate form based on your status: NRL1 for non-resident individuals, NRL2 for non-resident companies, or NR3 for non-resident trustees.
To qualify for gross rent payment, meet these criteria: Keep UK tax affairs current, clear past obligations, anticipate no UK tax liability, or be eligible for Sovereign Immunity, granting exemption from UK tax.
Legally minimise your tax responsibilities and capitalise on opportunities to reduce taxes, thus amplifying your rental earnings and overall profitability.
At UKPA, we are dedicated to empowering property investors to excel in their property ventures. Our qualified and experienced team is here to provide tailored services that align perfectly with your unique needs. What sets us apart is our accomplished tech-embedded service, combined with exceptional insight into property taxes.
Our services are designed specifically to meet your needs, ensuring a customised approach that maximises your property’s potential.
Encompassing accounting, tax support, and property management solutions, our all-inclusive range of services caters to every aspect of your property business.
Backed by years of experience and a portfolio of satisfied clients, you can confidently rely on our proficiency to steer you towards successful property management and ownership.
Our tax optimisation strategies and financial insights ensure that you’re making the most of your investments, increasing your profitability over time.
Our services deliver exceptional value, offering competitive pricing without compromising on the expertise and quality we provide to meet your accounting needs.
Our team of experts is dedicated to your success. We’re always available to address your concerns, answer questions, and provide guidance at every step of the journey.
Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.
As property professionals, we naturally wanted to find a firm with strong sector experience and chose UKPA as an integral member of our power team. Working with Yuki and Bipin is an absolute delight, as is the high level of customer service that they provide to us as clients of the firm. I would highly recommend all property professionals to engage UKPA as their accountants.
UKPA have given exceptional support in recent months, by far the easiest to work with and with a great volume of understanding about the situations they were presented with. They also assisted clearly and with full commitment in an urgent situation, flawlessly meeting the need. I have no hesitation in my decision in using UKPA for all future accounting matters for business.
UK Property Accountants came to the rescue when I discovered that I need to register my property quickly, as an overseas entity. They were very professional from start to finish and highly recommend them.
I would like to say a big thank you to Christina who works at UK property accountants. Christina has been personally handling my accounts for the last year and she has made the whole process smooth. Christina has made complex situations very simple and when any issues arise she has always managed to a provide fast solution. Her communication is 10/10 and is far superior to any other accountant that I have previously worked with. Thank you Christina!
I have used UK Property accountants services. I am very grateful and happy with their service. The entire time are very knowledgeable and straight to the point. All my doubts were explained in a way I could understand, all my emails were promptly answered. PETER, RAJ and SIMRAN, thank you so much for your professionalism and efficiency. I had a very pleasant and positive experience. Highly recommended!
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