Liabilities of letting agents
Vaines, P.
Liabilities of letting agents - 1988 - Taxation 120(3131) 15 January 1988, 314-315(2) .
The owning or letting of property in the United Kingdom by non-UK residents has many tax implications. This article concentrates on the role of the UK letting agent , who receives rents on behalf of the non-resident and who then becomes chargeable to UK tax on the rents. Examines some of the problems which an agent may encounter, such as submitting returns, paying taxes at the appropriate time, working out a sensible retention and the interpretation by the Inland Revenue.
OVERSEAS RESIDENTS
TAXES MANAGEMENT ACT 1970
Liabilities of letting agents - 1988 - Taxation 120(3131) 15 January 1988, 314-315(2) .
The owning or letting of property in the United Kingdom by non-UK residents has many tax implications. This article concentrates on the role of the UK letting agent , who receives rents on behalf of the non-resident and who then becomes chargeable to UK tax on the rents. Examines some of the problems which an agent may encounter, such as submitting returns, paying taxes at the appropriate time, working out a sensible retention and the interpretation by the Inland Revenue.
OVERSEAS RESIDENTS
TAXES MANAGEMENT ACT 1970