Option 2 Pay tax yourself
If you wish to receive gross rental income from us (without any tax deducated). You will need to apply to HMRC to join the Non-Resident Landlord Scheme (NRLS). This appication can be made by using the appropriate form for your particular circumstance from the HMRC website.
There are two forms to choose from:
1. NRL1i – if you are an individual landlord (Please note if the property is jointly owned, each non-resident Owner will need to complete a separate application form.)
2. NRL2i – if the rental property is owned by a company
As we are acting as your UK letting agent, when you complete this form, you will need to provide our agent details to HMRC, as below:
Letting Agent: RentManchesterFlat.com
Address: Bentinck House, 3-8 Bolsover St, Fitzrovia, Manchester, W1W 6AB
Agent Reference Code: 904/NA 050433
If you would like us to assist in preparation of either the NRL1i form, or the NRL2i form, to HRMC, and to submit and manage the NRLS application for you, the fee is £180.00 (inc. VAT).
If and when HMRC approve your NRLS application, they will contact us to authorise remittance of gross untaxed rent to you.
When you sign up for our Rent Collect, Managed Property or Full House service we will ask you if you want us to calculate and pay tax for you or if you wish to do it yourself.
In cases where you already hold NRLS status with a previous agent other than RentManchesterFlat.com, you will need to write to HMRC and request a change of letting agent on their records, and to provide them with our agency details and reference code, as above. This is because NRLS approval notices are not transferable between agents or tenants.