FAQ's

Can I Get A Mortgage If I Am A Foreign Investor?

We answer the question ‘Can I Get A Mortgage If I Am A Foreign Investor? Can I Get A Mortgage If I Am A Foreign Investor? As a foreign investor, you will most likely struggle to get a mortgage from the traditional high street lenders. Therefore, you will have to rely on private lenders. Luckily, there […]

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Do I Need To Pay Tax If I Am An Overseas Landlord

Do I Need To Pay Tax If I Am An Overseas Landlord The time is just right to be a landlord in U.K.! According to our estate agent London, £476,000 was the average house price in London in March of 2018 which is just a 1% decrease from last year’s average so now is the […]

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How Do Overseas Landlords Apply for Tax Exemptions

How do Overseas Landlords Apply for Tax Exemptions?

Are you a landlord with one or more properties to rent in London and living abroad for a period exceeding six months? Then, for tax purposes, you are classified as a ‘non-resident’ landlord.  This article explains ‘How Do Overseas Landlords Apply for Tax Exemptions”.

The income you receive from renting your home is taxable in the United Kingdom, that is, rent is not exempt from UK Income Tax. You can pick one of two ways to be taxed:

1. Having your tenant or letting agent deduct tax at source

Letting agents and tenants must make an annual return to HM Revenue & Customs (HMRC), declaring respectively how much rent they have paid to or collected for the landlord (you).

Both are required to register with HMRC’s Non-Resident Landlord Scheme within 30 days of starting tenancy.

Agents can file the NRL4i form while tenants can write to the following address:

HM Revenue and Customs
Charities, Savings and International Operations S0708
PO Box 203
Bootle
L69 9AP

2. Getting your rent in full and filing a self-assessment (SA) tax return

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I Don’t Have Any Income, Can I Get A Mortgage?

I don’t have any income, can I get a mortgage? I don’t have any income, can I get a mortgage? If you have an income, you are far more likely to get a mortgage. However, this doesn’t mean if you are unemployed you cannot get a mortgage. It will, however, be much harder, so check […]

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Do You Pay Tax When You Sell A House?

Do you pay tax when you sell a house? Do you pay tax when you sell a house? You will not pay Capital Gains Tax when you sell, if you meet all of the following: You have one home and you have lived in it as your main home the whole time You have not […]

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Can a Company Buy a Property?

Can a company buy a property? Can a company buy a property? If you are a contractor or a business owner, you may have considered buying property through your business. However, you first have to look at the advantages and disadvantages and seek professional guidance  – we are always happy to offer impartial advice, to […]

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What is Right to Rent?

.We answer an important question ‘What is Right to Rent?’ ‘What is Right to Rent?’ Right to Rent places restrictions on illegal immigrants accessing rented accommodations in England. This is done by making all adult occupants prove that they are in the UK legally before they are granted a tenancy. This can be checked by […]

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What to do if you have a loss of Water Supply In London?

What to do if you have a loss of Water Supply In London? By Greater London Properties Information from Thames Water If you are experiencing problems with your water supply, please consider the following questions. This will enable you to identify if there is a problem with our water or your pipework. Is your inside […]

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How To Replace A Spot Light

How To Replace A Spot Light By Greater London Properties  It is the tenant’s responsibility to change the bulbs in your property, this article takes you through how to replace a spot light. Normal and halogen bulbs can be purchased from most hardware shops. Halogen bulbs usually come in two types; GU10 and G9 (or […]

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Is my landlord responsible for pest control?

Is my landlord responsible for pest control? By Greater London Properties  It is a tenant’s responsibility to carry out pest control and to prevent the likelihood of mice entering a property. Traps and bait can be bought from most household stores and supermarkets and are very reasonably priced. If pest control does become a major […]

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