Countdown to corporation tax April 2020: non-UK landlords 5 months to go

Countdown to corporation tax April 2020: non-UK landlords – take steps now

Overseas investors in UK real estate continue to be the subject of tax changes: from 6 April 2020, all non-resident companies will be subject to UK corporation tax on their rental income from UK properties, rather than the current UK income tax.

The move to corporation tax will have a significant impact on the way they calculate their taxable rental profits, compliance processes and the timing of when tax payments will become due. In general, the corporation tax regime requires consideration of more complex rules than the existing UK income tax regime, and also involves additional obligations which must be satisfied, as well as the need to deal with significantly more anti-avoidance measures.

The pages below take a look into what you should be doing now to prepare for April 2020.

Countdown to corporation tax April 2020: non-UK landlords

Administration, payment and filing obligations

This article looks at the administration, payment and filing obligations which will arise as a result of these changes.

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Countdown to corporation tax April 2020: non-UK landlords

The impact of financing costs for non-resident landlords

From April 2020, non-resident landlord companies will be hit by a variety of targeted rules restricting the tax deductibility of finance costs. We outline the key tax factors and recommend early action is taken using a measured approach. 

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Countdown to corporation tax April 2020: non-UK landlords

Capital allowances

In general UK tax deductions are not available for depreciation. However relief is available for qualifying capital allowances and certain repairs. Ensure that you are maximising these valuable tax deduction.

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Time until corporation tax April 2020

Countdown to corporation tax April 2020: non-UK landlords

Differences in tax treatment at a glance

This article summarises the main differences between the UK income and corporation tax regimes and what non-UK resident companies can expect from the regime change.

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