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Mortgage Support with Introductions to Independent UK Property Tax Specialists
Whether you are buying, refinancing, letting or selling UK property, one conversation can help you establish what support you need.
Living abroad does not necessarily remove your UK tax responsibilities, and if you own UK property or receive UK rental income you may still require specialist assistance with reporting, compliance and understanding the tax implications of your ownership. UK property taxation can become more complex for British expats and overseas investors managing assets from outside the UK.
Key areas where professional tax or accountancy advice may be needed include the Non-Resident Landlord Scheme (NRLS), UK rental income and tax returns, Capital Gains Tax on disposal of property, Stamp Duty Land Tax (SDLT) considerations, limited company or SPV ownership structures, historic rental income issues, portfolio growth from overseas and the implications of returning to the UK.
All these considerations can interact with mortgage decisions such as whether to purchase in a personal name or via a company, refinance, release equity or expand a portfolio, meaning that mortgage and tax planning often go hand in hand and should ideally be considered together at an early stage.
While Liquid Expat Mortgages specialises in UK expat and overseas investor mortgages and does not provide tax advice, we can support clients by introducing independent UK tax specialists where appropriate, and with your express permission, so that both the financing and tax positions are properly considered when buying, refinancing or managing UK property from abroad.
Not Sure Where to Start?
Download our FREE Tax Support Guide (PDF) to find out more by providing us with your contact details:
UK Property Tax Support for Overseas Landlords
Where appropriate, we can introduce you to independent specialists while our team assists with the associated UK property finance.
Non-Resident Landlords
NRL Scheme registration, applications to receive rent gross and ongoing HMRC reporting requirements.
Property Tax Returns
Support with UK rental income reporting, allowable property expenses and record keeping.
Historic Rental Income
Assistance with missed returns, voluntary disclosures, filing backlogs and HMRC correspondence.
Limited Companies and SPVs
Corporation Tax, company accounts, SPV compliance and related reporting obligations.
Capital Gains Tax
Specialist advice regarding the disposal of UK property and the applicable reporting requirements.
HMRC Compliance
Independent support with registrations, enquiries, correspondence and bringing tax affairs up to date.
Tax Requirements for Overseas Landlords
Two of the most common areas affecting landlords who live outside the UK. You can also explore our dedicated guidance about buy-to-let mortgages for overseas landlord portfolios.
Non-Resident Landlord Scheme
If your usual place of abode is outside the UK and you receive rental income from UK property, the Non-Resident Landlord Scheme may apply. This is especially relevant to clients using an expat buy-to-let mortgage to own or refinance a UK rental property.
Without the appropriate HMRC approval, a letting agent—or in certain circumstances a tenant—may be required to deduct tax before passing rent to an overseas landlord.
A non-resident landlord can apply to HMRC for approval to receive rent without UK tax being deducted at source. Receiving rent gross does not mean the income is tax-free. You remain responsible for declaring taxable rental profits and paying any UK tax due.
Specialist support can include:
- NRL Scheme applications
- Applications to receive rent gross
- Letting agent coordination
- HMRC registration and correspondence
- Ongoing reporting requirements
Related mortgage guidance: Overseas landlord portfolio mortgages and UK expat buy-to-let mortgages.
Ask About NRL SupportUK Property Tax Returns
Receiving UK rental income while living overseas may still create a UK tax reporting obligation. This may apply whether you own a single rental property or are building a portfolio of UK buy-to-let properties.
Tax is not necessarily calculated simply on the total rent received. Depending on your circumstances and the applicable rules, allowable property expenses may be considered when calculating taxable rental profits.
Qualifying costs can potentially include:
- Repairs and maintenance
- Insurance
- Letting and management fees
- Professional fees
- Other costs incurred for the rental business
Good record keeping is particularly important for landlords managing UK property from overseas. An independent specialist can review your UK property income and reporting position.
Further reading: Discover how UK expats and foreign national investors can use their overseas position when investing in UK property.
Request a Specialist Introduction
Historic Rental Income and HMRC Compliance
Fallen Behind with Your UK Property Tax?
This is something that can be addressed.
Overseas landlords sometimes discover that rental income from previous years should have been reported to HMRC. This can occur when someone has retained a UK property after moving overseas or has subsequently changed it to a rental property. Our consent-to-let mortgage guidance explains some of the associated mortgage considerations.
- Never registered with HMRC
- Missed previous tax returns
- Assumed a letting agent dealt with the tax
- Misunderstood the NRL Scheme
- Received HMRC correspondence
- Fallen behind with filings
- Become uncertain about previous reporting
- Need to bring tax affairs up to date
An independent property tax specialist can review your position and advise on historic returns, voluntary disclosures, filing backlogs, compliance reviews, HMRC correspondence and penalty appeals where appropriate.
Dealing with the position sooner can be preferable to remaining uncertain or waiting for HMRC to make contact. You can also browse our latest UK expat property news and insights for updates affecting overseas landlords.
Capital Gains Tax for Overseas Property Owners
Selling UK property while living overseas can still create UK Capital Gains Tax and reporting obligations. Our guide explaining why UK residency is not required to invest in UK property also outlines some of the tax considerations for non-resident owners.
The potential taxable gain can depend upon:
- The original acquisition value
- The property’s disposal value
- Allowable costs
- Available reliefs
- Your individual circumstances
Reporting deadlines can also apply. A non-resident disposing of UK property or land may be required to report the disposal and pay any tax due within the applicable deadline.
Getting specialist advice before the property is sold can therefore be particularly valuable. Our UK Budget guide for expat and foreign national investors provides further background on property taxes affecting overseas investors.
Planning to Sell a UK Investment Property?
Talk to us about your existing mortgage, expat remortgage or portfolio position. Where appropriate, we can also introduce you to an independent UK property tax specialist.
Limited Company and SPV Property Tax Support
Many UK expats and overseas investors purchase UK buy-to-let property through a Limited Company or Special Purpose Vehicle. Company-owned property has different mortgage and taxation considerations from property owned personally. Our dedicated UK Limited Company mortgage page explains the associated finance options.
Depending upon the structure, specialist tax and accountancy support can include:
- Corporation Tax
- Company accounts
- Company Tax Returns
- SPV tax compliance
- ATED reporting where applicable
- VAT considerations where applicable
- Making Tax Digital
- Company record keeping
This sits naturally alongside our expertise in arranging Limited Company Buy-to-Let mortgages for UK expats and overseas investors.
Buying a Property Through an SPV?
It can be sensible to consider both the mortgage structure and independent tax implications before purchasing, rather than trying to restructure matters afterwards.
Related guidance: Read our Limited Company Buy-to-Let guide or see how an expat landlord expanded a buy-to-let portfolio through an SPV.
Related UK Property and Mortgage Guidance
Explore relevant mortgage services, guides and case studies for UK expats and overseas property investors.
Expat Buy-to-Let Mortgages
Explore mortgage options for UK expats buying or refinancing rental property in the UK.
Overseas Landlord Portfolios
Learn about mortgage solutions for overseas landlords who own or are building UK property portfolios.
UK Expat Remortgages
Review UK refinancing options for expats seeking a new deal or wishing to release equity.
Limited Company Mortgages
Learn about mortgage products for UK buy-to-let property held through a Limited Company or SPV.
Mortgage and Tax Support – Without Blurring the Lines
Our role is deliberately straightforward.
Liquid Expat Mortgages looks after your UK expat mortgage.
Where you require additional specialist assistance, and with your permission, we can introduce you to an independent professional experienced in UK property taxation for overseas landlords.
The tax specialist advises you independently and you decide whether you wish to instruct them. This maintains a clear separation between regulated mortgage advice and independent tax advice, while making it easier to access the expertise you may need.
You can learn more about our experience on our expat mortgage team page.
How It Works
A simple process that keeps your mortgage and independent tax advice clearly separated.
1. Tell Us About Your UK Property
Explain whether you are buying, refinancing, letting, restructuring or selling, and let us know about any tax concerns.
2. We Assess Your Mortgage Requirements
Our specialist team reviews and assists with the UK expat mortgage and property finance side.
3. We Make an Introduction
With your permission, and where appropriate, we introduce you to an independent UK property tax specialist.
4. Speak Directly to the Specialist
They assess your circumstances, explain the work required and confirm their fees directly with you.
5. You Decide
There is no obligation to proceed. If you want the specialist’s assistance, you instruct them separately.
6. We Continue Looking After Your Mortgage
Your mortgage application or refinancing continues with Liquid Expat Mortgages while the independent specialist handles the tax work.
Who Can We Help?
Our service may be particularly useful if you are:
- A UK expat buying UK residential property
- An overseas buy-to-let investor
- Receiving UK rent while living abroad
- An overseas landlord applying under the NRL Scheme
- Buying through a Limited Company or SPV
- Refinancing a UK property or portfolio
- Planning to sell UK investment property
- Dealing with HMRC correspondence
- Concerned about historic rental income
- Unsure whether your UK tax affairs are current
Does This Sound Like Your Situation?
Tell us what you are trying to achieve. We can discuss your mortgage requirements and explain how you can access independent specialist tax support where appropriate.
+44 161 871 1216
Liquid Expat is your Specialist Expat Mortgage Broker
Liquid Expat Mortgages has been providing expat mortgages since 2007. Our many years of experience and relationships built up with lenders means that we can find the very best mortgage for your needs.
Accessible
Our mortgage consultants are available on the end of the phone or email, as and when you need us.
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Liquid Expat is fully approved by the UK’s Financial Conduct Authority for expat mortgage advice.
Exclusive Market Access
Not only do we have the largest panel of lenders to choose from, but a number of our lenders have exclusive offers only available through Liquid Expat Mortgages.
Experienced
Liquid Expat Mortgages have successfully completed thousands of mortgages and remortgages for expats and foreign nationals since 2007.
Experts
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Important Information
Liquid Expat Mortgages is an FCA-regulated mortgage broker. Liquid Expat Mortgages does not provide tax advice, accountancy services or legal advice. Where appropriate, and only with your permission, we may introduce you to carefully selected independent tax specialists experienced in UK property taxation for overseas landlords. Any tax, accountancy or other professional services are provided independently under a separate engagement directly between you and the specialist adviser. The tax treatment of UK property depends upon individual circumstances and may be subject to change. You should obtain appropriate professional tax advice for your individual circumstances.
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