Non resident LANDLORD - taxation!

thenap80

I am a landlord in UK with one property that I let.

I am, in a couple of months, going to be moving to Sweden. Looking on web it seems very confusing!

It says that the tenant can pay me with the tax already taken off! How would that be - would he pay the tax to HMRC himrself? ( I don;t have a letting agent)

Also says I can't submit my SA online but another site says I can!

Is there anyway I can continue paying tax here instead of Sweden as I should probably be back in two years.

Sweden is like 32percent tax and very little personal allowance. And if tax is already taken off here, would I still pay tax on it in Sweden?

thenap80

And can I still, when I get to Sweden, complete next Jan 31st tax return online as if I was UK resident, since I would have been for the duration of 2018/19. ?

xylophone

https://www.gov.uk/tax-uk-income-live-abroad/rent

00ec25

thenap80 wrote: »

I am a landlord in UK with one property that I let.

I am, in a couple of months, going to be moving to Sweden. Looking on web it seems very confusing!

what is confusing?
rather than us simply write out the regs, perhaps you could expand on what you fail to understand

thenap80 wrote: »

How would that be - would he pay the tax to HMRC himrself? ( I don;t have a letting agent)

yes, because that is what the rules require the tenant to do when the LL is not registered under the NRL
https://www.gov.uk/guidance/paying-tax-on-rent-to-landlords-abroad

stress which the LL can very simply avoid by doing this
https://www.gov.uk/government/publications/non-resident-landlord-application-to-have-uk-rental-income-without-deduction-of-uk-tax-individuals-nrl1

00ec25

thenap80 wrote: »

And can I still, when I get to Sweden, complete next Jan 31st tax return online as if I was UK resident, since I would have been for the duration of 2018/19. ?

you must, since you have a split year - google it

also educate yourself on the UK - Sweden tax treaty

anselld

Beside tax there are other practicalities which will be difficult without an agent.

You need an address in the UK for "serving notices" under the contract and without a valid address rent cannot be demanded.

You need someone to deal with management and maintenance issues.

thenap80

So maybe I got confused because someone told me that I'd have to pay tax in Sweden, at their own rates, on the rent I get paid from a property I let out here!

But by sounds of it now, I pay the tax rate as it stands in UK still. But my income will still be my income when I am in Sweden....so do I still pay any tax there on my income which will already have been taxed in UK?

THANKS VERY MUCH

xylophone

https://www.gov.uk/government/publications/sweden-tax-treaties

00ec25

thenap80 wrote: »

So maybe I got confused because someone told me that I'd have to pay tax in Sweden, at their own rates, on the rent I get paid from a property I let out here!

But by sounds of it now, I pay the tax rate as it stands in UK still. But my income will still be my income when I am in Sweden....so do I still pay any tax there on my income which will already have been taxed in UK?

THANKS VERY MUCH

read.....the......tax.....treaty

and you will thereby educate yourself, since it is you who faces the tax liability and therefore you who needs to understand it

thenap80

00ec25 wrote: »

read.....the......tax.....treaty

and you will thereby educate yourself, since it is you who faces the tax liability and therefore you who needs to understand it

You talk like it is an easy document to follow and understand. It isn't. But thanks for the link. If there were a layman's version I would be happier though!

csgohan4

thenap80 wrote: »

You talk like it is an easy document to follow and understand. It isn't. But thanks for the link. If there were a layman's version I would be happier though!

Perhaps paid professional advice via accountants would be prudent