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The UK tax landscape is changing for Non-Resident Landlords

From 6 April 2020, there will be fundamental changes to the UK tax treatment of non-resident landlord (“NRL”) companies. From this date, they will no longer be liable to income tax on their UK property income. Instead, they will be liable to UK corporation tax (“UKCT”).

Advisors to NRL companies will have to familiarise themselves not only with administrative changes to the way in which UKCT returns are managed and filed, but also the significant changes from a technical perspective, as to how UK taxable profits are calculated, and the resulting effective rate at which UKCT is paid.

These updates bring major changes to the way companies have to approach and manage the more complex rules and regulations of the UKCT legislation.

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