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Non-Resident Landlords Scheme

Source: HM Revenue & Customs | | 26/04/2017

The Non-Resident Landlord (NRL) Scheme is a special scheme for the UK rental income of Non-Resident Landlords. This includes companies or trustees whose 'usual place of abode' is outside the UK.

As a general rule basic rate tax (currently 20%) must be deducted from the rent payable to a Non-Resident Landlord either by the letting agent or where there is no letting agent by the tenants (unless the rent is minimal) and the tax paid over to HMRC within 30 days of the end of each tax quarter.

By using the NRL scheme a Non-Resident Landlord can apply for approval from HMRC to have any rents paid with no tax deducted. HMRC can refuse an application if it is not satisfied that the information provided by a Non-Resident Landlord is correct or where there are concerns that the landlord will not properly comply with their UK tax obligations. 

HMRC no longer send copies of the Non-Residents Landlord scheme annual return form by post. Instead, the form known as the Annual Information Return (NRLY) is available online. The annual return for 2016-17 is due to be submitted by 5 July 2017.

 

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