England is an investment destination, particularly for real estate. It offers a wide range of investment opportunities. Major cities such as London, Manchester and Birmingham are particularly attractive to investors, thanks to their sustained economic growth, modern infrastructure and strong rental demand.
A dynamic real estate market
England benefits from a very active residential real estate market, with a constant flow of new residential developments and high occupancy rates. For landlords who rent out property, rental income is generally subject to tax in the country where the income is generated. The UK tax authorities may classify an individual as a «non-resident landlord» if they are resident abroad for six months or more each year even if they are resident in the UK for tax purposes. However, an in-depth study of this status is required beforehand.
Applicable measures
Property taxation in England also involves local council tax, payable by the occupants of a property, and capital gains tax applicable to the sale of property.
For non-resident landlords, the Non-Resident Landlord Scheme (NRLS) applies. This scheme requires that the rental income of non-resident landlords whose principal residence is outside the UK is taxable in the UK. Here too, a detailed analysis will enable us to examine all possibilities for optimization and to confirm the tax compliance of the organization chosen.
The owner then has the option of collecting the rent in full and paying the tax through self-assessment or collect the rent with the tax already deducted
