Advice for Landlords

As your letting agent, Henry Wiltshire will:

• Market the property
• Arrange an EPC (Energy Performance Certificate)
• Conduct viewings
• Negotiate tenancy terms
• Agree an offer between you and the prospective tenant
• Arrange referencing
• Arrange tenancy agreement
• Arrange inventory and check-in
• Arrange first payment from tenant
• Protect tenant’s deposit

If you have asked us to manage the tenancy for your property we will do the following on your behalf:

• Collect rent payments each month
• Provide monthly statements
• Chase arrears where required
• Make good any damages or arrange repairs
• Arrange gas and electrical certificates when required
• Inspect the property regularly
• Check out the tenant when they leave
• Return the tenant’s deposit where required

Henry Wiltshire offer a fully managed service, ideal for landlords that do not have the time to undertake the complexities of managing a tenancy themselves.

As a landlord you are subject to some legal obligations before your property can be let. Henry Wiltshire would be happy to advise and assist you with these requirements.

• Notify mortgage and insurance providers.
• Arrange payment of your ground rent and service charges.
• Comply with safety regulations – EPC, gas certificate, electrical inspections/certificates, furniture and fire regulations and smoke alarms.
• Set up a deposit protection account.
• Pay tax.

NRL FAQ

What is a non resident landlord?

A non resident landlord is someone who has a house, flat or any other property in the UK and rents this out whilst living abroad.

Non resident landlords will have to pay UK tax on any taxable profits from their rental income at the appropriate rate of income tax.

What is the Non Resident Landlord Scheme?

The tax office has a scheme called the non resident landlord scheme which allows non resident landlords to opt out of having income tax automatically deducted from their rental income.

Via a rental property agent or tenant HMRC automatically collects a 20% tax from a non resident landlords rental income.

How to apply to the NRL Scheme: Form NRL1

In order to apply to this scheme, the form ‘NRL1’ must be completed. The form NRL1 tells the tax office what they need to know to be able to make a decision on your application.

The NRL1 can be either completed online or downloaded and posted to HMRC.

HMRC will process your NRL1 form and give you confirmation on their decision.

What happens on the NRL Scheme?

If you get accepted onto the scheme, the tax office will communicate with your letting/managing agent to inform them that the non resident landlord has been approved to receive rents without tax deductions.

You as the non resident landlord will also receive confirmation of this approval.

This notice means that the letting agent no longer has to collect and pay to HMRC tax from your rental income.

Do I still need to fill in a non resident tax return?

If the tax office sends you a tax return you still need to submit a tax return and declare your rental income received in the UK even if you haven’t paid any tax on it.

In some circumstances if your application to the non resident landlord scheme has been successful you will not need to fill in a tax return. The tax office will notify you if this is the case

Download the NRL FAQ