I need to register a new overseas client who has recently acquired a property in the UK. Just checking which I need to submit to HMRC to register as a non resident landlord and obtain a UTR number.
Will just a form NR1 along with a 64-8 be sufficient or do I need to submit a form SA1 as well?
Planning to submit all together.
Thanks
Replies (6)
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How else are you going to get a SA tax return?
That is what form SA1 is for - although I would register online using the structured e-mail or through your Agent Online services.
The form NRL1 (not NR1) has to be submitted on paper to Bootle.
Tenant...
... if he has one and there is a relevant treaty, it might be worth getting the treaty clearance underway as well with the agent or tenant (as applicable). Of course without a UK footprint they might also be slow to approve the application and the landlord should be prepared to receive only 80%. Worth checking that any agent doesn't deduct 20% from their fees.
Treaty?
I'm not sure there is any treaty that allows rent to be paid with deduction - if the rent is less than £100 per week it may be paid gross unless HMRC instruct that tax be deducted from it. If the rent is more than £100 per week then the person remitting it to the overseas resident, either the tent of a UK agent, should deduct 20% unless advised by HMRC that the landlord has brought themselves within the UK self-assessment system. Hence the necessity to register for self assessment.
That was very useful indeed.
On the authorising your agent 64-8, did your client have an NI number?
Can you obtaining authority on-line? I suspect not as they force you to enter a UTR number?