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

    S Agaoglu
    S Agaoglu

    5 out of 5 stars

    posted 3 months ago

    Stuarts offer the most efficient service I have experienced by far, but with an added personal touch. They are a close team and this produces excellent results in terms of clear communication and process. They are also just warm and kind individuals who go out of their way to make your life easier. I'll always be grateful for them taking the stress out of my move. I would never go anywhere else!

    Syed Hassan
    Syed Hassan

    5 out of 5 stars

    posted 3 months ago

    We moved to U.K in 2015 and it was our first rented property. The whole process was carried out in friendly and smooth way. We rented the property for more than 2 yrs and we were facilitated and dealt in very effective, efficient and professional way. Unfortunately land lord decided to sale the property so we have to find a new place. The move out process is as smooth and clearly communicated as the move in was. We would certainly recommend Stuart properties and would love to seek their assistance in future. Special thanks to Colin and his team who were always there for us. Warm personal regards from our family!

    Peter Wooldridge
    Peter Wooldridge

    5 out of 5 stars

    posted 1 day ago

    We lived in a property let by Stuarts for just over two years and there were absolutely no negative experiences with them at all. we had an issue with a shower that was dealt with extremely quickly and the communication between the time we reported the fault and the time it was fixed was outstanding.
    Stuarts delt with any quiries we had very quickly and were quick to reply to any emails that we sent them. As first time renters we had plenty of questions and no matter how small they were always answered in a polite and friendly manner. From start to finish they were great.