Tax treatment of corporate non-UK resident landlords from 6 April 2020
The tax treatment of non-UK resident companies that carry on a UK property business (“NRL companies”) is changing from 6 April 2020 when they will become subject to UK corporation tax instead of UK income tax.
This is in addition to the change introduced from 6 April 2019 that non-UK resident companies are now subject to UK corporation tax on capital gains arising on the disposal of interests in UK land and property. The change to become subject to the corporation tax rules will have a number of implications in relation to compliance requirements and the way in which taxable profits will be calculated. The main changes are outlined in the guide attached.
