Non Resident Landlord Corporation Tax Accounts

Lots of people choose to buy and rent out property in the UK. However, renting properties in the UK doesn’t necessarily mean that you are based here, and many landlords will choose to continue living abroad whilst renting out spaces in the United Kingdom. 

An important thing for non-resident landlords to consider is how they handle their landlord taxes in the UK. You must continue to pay your Corporation Tax if you’re a business that makes income from renting a property in the UK. If you forget or fail to make the payments, you can receive penalties from HMRC. 

One of the best ways to make sure you stay on top of your UK taxes is by handing over your non-resident landlord Corporation Tax accounts to TaxKings to manage. We can help you by keeping your UK payments up to date and ensuring nothing goes amiss with your taxes or accounting.

What Is Landlord Corporation Tax?

The first thing to understand before renting out property in the UK is landlord Corporation Tax. From 6 April 2020, the UK Government announced that non-UK resident companies, including those who invest in UK property through collective investment vehicles, will have to pay Corporation Tax on their profits instead of Income Tax. This applies to all non-resident companies that own and rent properties in the UK.

 How TaxKings Can Help Manage Non Resident Landlord Corporation Tax Accounts

Our Landlord Accounting Software

If you’re not based in the UK, it is highly advisable to hire an accountant within the UK to handle your tax accounts. TaxKings can ensure that you’re keeping in line with all UK taxes and up-to-date with changes to the legislation. Our expert team of accountants can also assist your corporation with:

No matter where you’re based, we can ensure that you remain compliant with HMRC, so no surprise fines come your way. We can also offer advice for saving money and filing tax returns if you’re eligible.

HMRC may request proof of certain receipts or contracts at any time. You must maintain a strong record of your accounting so they can see how money is coming into the business and ensure you’re paying the correct amount of corporation tax. 

As it can be difficult to directly give us receipts if you don’t live in the UK, so we work with a range of HMRC-approved software to ensure that there is an easy way for you to upload documents from wherever you are for us to view and organise. Some of this software includes: 

You can read more on our Landlord Accounting Software page if you’d like to learn more about why and how we use accounting software to help you.

Why Choose TaxKings For Your Non Resident Corporation Accounting?

TaxKings is a small team of finance professionals dedicated to providing you with a thorough and expert accounting service. We value transparency with our clients and will always work with you so you know what we’re doing to optimise your accounting. 

We have years of experience working with UK and non-resident landlords to help them keep on top of their taxes and even save money on unnecessary outgoings. 

We understand that all landlord portfolio’s come in different shapes and sizes and that one corporation will be vastly different from another. With this in mind, we base our prices on a case-by-case basis and will always give you a clear price guide and breakdown once we find out what you want. 

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Contact TaxKings

No matter where you’re based, if you have UK rental properties and need advice or help with your taxes, we’d love to hear from you.

Get in touch with us today and take the first step towards optimising your accounting. 

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