Going Abroad?

Rental profit is liable to tax whether or not you live in the UK. Several items of expenditure can be offset against rental income of which the following list covers the main tax-deductible areas. If you require further information on this matter we would recommend that you seek the advice of a qualified accountant as tax status does vary.

  • Loan or Mortgage interest
  • Water Rates
  • Building, contents and Legal Insurance premiums
  • Agent charges (i.e. our management fee and letting fee) +vat on those charges
  • Buildings, repairs, decorations and cleaning to the property
  • Wear and Tear – This allowance is given for hard furnishings and fixtures where a property is let furnished. Further guidance on calculations can be obtained from accountants various other expenses directly relating to the letting.

Communication with the Inland Revenue and tax returns are the responsibility of the landlord and/or their accountant. We do not withhold tax for landlords resident in the UK.

The Inland Revenue’s Landlords Tax Guide is available by contacting your local Inland Revenue Office.

Overseas Landlord Taxation

With effect from 6 April 1996 under the Taxation of Income from Landlord (non-residents) Regulations 1995, the rent-receiving agent is required to deduct basic rate tax from the rent (after taking deductible expenses paid out into account) and to pay the tax to the revenue each quarter. If you decide NOT to have your property managed by Stuarts Property Services Ltd you should be aware that your tenant will be legally responsible for the collection and payment of tax to the Inland Revenue.

However, overseas landlords can apply to the revenue for exemption from this requirement providing their tax history is good and up to date. The overseas landlord will be issued with a certificate with a copy sent direct to Stuarts Property Services Ltd authorising us to pay rent without tax deductions.

We strongly advise that applications for exemption (known as NRL1 form) are submitted as soon as you are aware of your move overseas to ensure rent can be paid gross. You can submit the form NRL1 form online CLICK HERE 

The Inland Revenue’s Landlords Tax Guide is available by contacting your local Inland Revenue office.

If you would like to speak to someone in person regarding this matter, please call the Inland Revenue’s Financial Intermediaries and Claims Office (FICO) on tel:+44 03000582413


  • Stuarts Property Services
    Reviewed from Google

    4.8 out of 5 stars

    Terry M
    Terry M

    5 out of 5 stars

    posted 4 months ago

    I've rented through Stuart's for 5 1/2 years and Colin and the team have always been friendly and helpful. Any maintenance required was dealt with quickly and efficiently and I was always kept informed if anyone needed access when I was away from the flat.

    I have recently left the flat which has been my home for the past 5 1/2 years and the leaving process was hassle free and simple and my deposit returned without delay.

    Thanks to everyone at Stuarts for making my rental a pleasant and enjoyable one.

    Tony Noble
    Tony Noble

    5 out of 5 stars

    posted 1 month ago

    We have used Stuarts for many years renting out our property in the Heaton's and found them very professional, good at keeping you up to date with progress, and do a thorough job when they find a tenant to make sure they are suitable. Highly recommended.

    Salman Yaseen
    Salman Yaseen

    5 out of 5 stars

    posted 1 month ago

    My parter and I used to travel and rent a lot therefore
    we had dealt with many agency's in the past but you guys are the best my miles!