Overseas Landlords

All Landlords who have an overseas address including Southern Ireland are liable to pay overseas tax to the Inland Revenue.

Oversea's tax rate is 22% on all income received and expenditure.

The landlord is asked to contact the HM Revenue and Customs on tel no +44 (0) 151 472 6208/6209 to request an NRL8 form which is to be completed and addressed to Penny Ashton property management Ltd. This will include an approval no which is unique to the Landlord which will make them exempt from paying overseas tax in the future.

Without this form, overseas tax will continue to be deducted.

Personal circumstances will determine whether the landland is to be made exempt from paying overseas tax.

Link: www.inlandrevenue.gov.uk

These are just the basics which will enable the landlord to obtain further information regarding overseas tax.