Expats must state rental income

Expatriates who have rental income from a UK property have until 5 April to calculate property income profits or losses, according to chartered accountant group Mason Law. Rental income arising from UK property is chargeable to UK tax for individuals at lower 10%, basic 22% or higher 40% rates. Where a landlord is non-resident, basic rate tax must be deducted at source by the landlord's agent or by the tenants themselves and the tax passed over to the Inland Revenue on a quarterly basis. The agent must give the non-resident landlord an annual statement showing details of the tax deducte...