Non-Resident Landlords
If you’re a non-resident landlord – a property owner living for more than six months a year outside of the UK – the rules governing ownership are more complex than if you lived in the UK. It can be tempting to self-manage but you will have to deal with an increasing number of issues that are stressful, time-consuming and have the ability to reduce your profit margin.
BY using WPS, we will deal with void periods, maintenance and repairs, chasing late payments, changes to legislation and Section 24 issues (of the Finance (no. 2) Act 2015) which affect your ability to claim mortgage interest, or any other property finance, as tax deductible. In addition, we can advise you in regard to your declaration liabilities to HMRC.