Liabilities of letting agents
Language: English Series: Taxation ; 120(3131) 15 January 1988, 314-315(2)Publication details: 1988Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS38756 (Browse shelf(Opens below)) | 1 | Available | 12262-1001 |
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.