Non Resident Tax and Specialist UK Residential Property Tax Matters

Specialist Advice for International Tax Matters

If your business or personal tax affairs cross international borders, compliance can quickly become complicated, especially if you own UK property. Different countries have different rules and it is easy to end up paying too much tax, or falling behind on compliance matters. We can make international tax clearer and manageable, giving straightforward UK advice to stay compliant, avoid double taxation and structure your tax affairs in the most efficient way.

Non-Resident Tax Services

If you live abroad but receive rental income from UK property you fall under the Non-Resident Landlord Scheme (NRLS). We can take care of your reporting obligations, making sure your UK tax is calculated correctly and advise on reliefs and allowances to maximise tax efficiency.

If your company is based overseas but receives rental income from UK property, it must pay UK Corporation Tax under the non-resident landlord rules. We can handle the registration, reporting and tax calculations, ensuring all available reliefs and allowances are claimed to keep the UK corporate tax position as efficient as possible.

Companies (UK or overseas) holding UK residential property valued above £500,000 may fall within ATED. We can prepare valuations, file annual returns and advise on reliefs (such as properties let to tenants or used for commercial purposes) to minimise tax liabilites.

Determining your tax residency status is crucial for understanding your UK tax obligations. We provide clear guidance on the Statutory Residence Test, analysing your personal circumstances to ensure the correct residency status is applied and reported to HMRC.

With the ‘remittance basis’ of tax having been replaced by a new 4-year Foreign Income and Gains (FIG) regime and a residence-based system for IHT, domicile has been eliminated as a relevant factor for tax purposes. The 4-year FIG regime offers possible exemption where individuals were previously non-UK resident for ten years, whilst a Temporary Repatriation Facility (TRF) may allow non-UK domiciled individuals to bring funds to UK at a reduced rate of tax. With reliefs (Overseas Workday Relief) and CGT rebasing also available, we can use our specialist knowledge to review our an individual’s current position and advise our clients of the correct tax return entries.

Where income is taxable in more than one country, double tax treaties often prevent you from paying tax twice. We help you identify and apply the correct treaty provisions to minimise exposure and prevent overpayment of tax on foreign income and gains.

Book a Consultation Today

Whether you require help with your personal tax return, business accounts, or strategic tax planning, Maratax is here to guide you.