British Property Award Winner 2017 & 2018
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You are considered an overseas Landlord if you live abroad or go to work abroad for lengthy periods of time.
It is important to firstly note that Inland Revenue regulations apply even if you are a non-UK resident. Moreover, non-resident Landlords must apply to the Inland Revenue Financial Intermediaries Claims Office (FICO) for authorisation (by way of an exemption certificate) to receive payment of property rental “gross”, that is without deduction of Income Tax by the letting agent or Tenant as required by law.
NB: The above is merely a guideline and for fully qualified advice, you should contact an appropriate Accountant or Tax Expert.
Madison Brook was delighted to host a drinks & canapés reception party at the Tower of London.
East London's new city: Dramatic expansion of Royal Docks continues with big new housing schemes, an extended City airport — and Crossrail is coming