Tag: Non Resident Landlords

Keeping Records of Rental Income and Expenses

The profit can be calculated by deducting allowable expenses from rental and other income of the property business. However, where it is beneficial to do so, the landlord can claim the property allowance of £1,000 and deduct this instead of actual expenses.

Responsibilities Accounting and Tax Advice for Landlords
Articles

Responsibilities Accounting and Tax Advice for Landlords

As a landlord, it is your responsibility to check that every tenant has a right to rent. You must check their original passport and other identity document (such as driving license or Biometric Residency Permit etc.), making copies of inspected documents and notes of when the check was performed.

Non Resident Landlords Property Investment
HMRC

Non Resident Landlords Property Investment

The merits of taxing foreign purchases are clear, and it couldn’t be more prevalent now as research is suggesting that a high proportion of properties in London that would make suitable homes for first-time buyers are being snapped up by foreign investors.