My non-UK resident company earns rental income from properties in the UK. How is this income taxed, and what are the filing requirements?
Answer by: abdullah-al-naim
2 months ago
From 6 April 2020, non-UK resident companies receiving income from UK property are subject to UK Corporation Tax on those profits, replacing the previous Income Tax regime. Such companies must register with HMRC for Corporation Tax within three months of starting the property business.
They\’ll receive a Unique Taxpayer Reference (UTR) and need to file annual Company Tax Returns (CT600) detailing income and expenses related to the UK property. Timely registration and accurate record-keeping are essential to meet tax obligations and avoid penalties.
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