Non-Resident Landlord Scheme: Your 2024 Tax Return Guide

Non-Resident Landlord Scheme: Your 2024 Tax Return Guide

Navigating the Non-Resident Landlord (NRL) Scheme can be complex, especially with the 2024 tax deadlines approaching. This comprehensive guide by GM Professional Accountants aims to clarify the intricacies of the NRL Scheme, ensuring you stay compliant while optimising your tax position.

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What is the Non-Resident Landlord Scheme?

The NRL Scheme applies to landlords who live abroad for more than six months and rent out property in the UK. Under this scheme, tenants or letting agents deduct basic rate tax (currently 20%) from the rental income before passing the remainder to the landlord. This deduction serves as an advance payment towards the landlord’s UK tax liability.

Non-Resident Landlord Scheme: Your 2024 Tax Return Guide

Why is the NRL Scheme Important?

Compliance with the NRL Scheme is crucial to avoid penalties. As a non-resident landlord, understanding your tax obligations can save you time, stress, and money. The scheme also ensures that the UK tax authorities receive tax payments on rental income from overseas landlords, which is vital for maintaining the integrity of the UK tax system.

Key Dates for Your 2024 Tax Return

The tax year runs from 6 April 2023 to 5 April 2024. Key filing dates include:

  • 31 January 2024: Deadline for online self-assessment tax return submission and payment of any tax due for the 2022/2023 tax year.
  • 31 July 2024: Deadline for the second payment on account for the 2023/2024 tax year.

It’s essential to adhere to these dates to avoid penalties and interest charges.

Case Study: Effective Management of the NRL Scheme

Consider John, a UK citizen working in Dubai. He owns a property in Manchester, generating £15,000 annually in rental income. John registered with HMRC’s NRL Scheme, allowing his letting agent to pay him the rental income without tax deductions. At the end of the tax year, John submits a self-assessment tax return, declaring his UK rental income. With the assistance of GM Professional Accountants, John effectively claims allowable expenses and benefits from double taxation relief, reducing his overall tax liability.

How GM Professional Accountants Can Help

At GM Professional Accountants, we specialise in guiding non-resident landlords through the complexities of the UK tax system. Our services include:

  • Registration Assistance: Helping you register with the NRL Scheme and HMRC.
  • Tax Return Preparation: Ensuring your tax returns are accurate and submitted on time.
  • Expense Management: Identifying and claiming allowable expenses to reduce your taxable income.
  • Tax Planning: Providing strategic advice to optimise your tax position, including leveraging double taxation treaties.

Common Questions About the NRL Scheme

  1. Do I need to register for the NRL Scheme?
    Yes, if you are a non-resident landlord, you must register with HMRC.
  2. Can I receive my rental income without tax deductions?
    Yes, if you register with the NRL Scheme and receive approval, your letting agent or tenant can pay you without deducting tax.
  3. What expenses should I be claiming against my rental income?
    You can claim a range of expenses, including property management fees, maintenance costs, and mortgage interest.
  4. What happens if I don’t comply with the NRL Scheme?
    Non-compliance can result in penalties and interest charges. It’s essential to register and adhere to the scheme’s requirements.

For more detailed guidance, visit HMRC’s official page on the NRL Scheme.


Managing your obligations under the Non-Resident Landlord Scheme doesn’t have to be daunting. With the right support from GM Professional Accountants, you can ensure compliance and optimise your tax position. Contact us today for personalised advice and support with your 2024 tax return.

By following this guide and leveraging professional assistance, non-resident landlords can navigate the UK tax system confidently and efficiently.

For further insights and updates, check out our blog or contact GM Professional Accountants directly. Your peace of mind in tax matters is our priority.

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