Simon Misiewicz US & UK Taxes's video: Simple UK Property Tax Basics For Landlords

In this comprehensive guide, we delve deep into the intricate world of UK property tax, specifically tailored for landlords. Whether you're a seasoned property owner or just starting out, understanding the tax obligations is crucial. We'll walk you through key dates to remember, essential tax forms you need to fill out, and provide clarity on the tax implications of being a landlord in the UK. 📅 Key Dates: April 5th: End of the UK tax year. January 31st: Deadline for filing self-assessment tax returns. July 31st: Deadline for the first payment on account. October 31st: Deadline for filing paper self-assessment tax returns. 📝 Tax Forms: Self-Assessment Tax Return (SA100): This form is used by individuals to report their income and capital gains to HM Revenue & Customs (HMRC). Form NRLY: Non-Resident Landlord Scheme - essential for landlords living outside the UK who receive rental income. Two Examples: Let's say you're a landlord earning rental income from your UK property. You'll need to fill out the SA100 form to report this income to HMRC. If you're a non-resident landlord, residing outside the UK but earning rental income from properties within the country, Form NRLY is crucial for your tax obligations. Use our free US/UK tax calculators: https://www.optimiseaccountants.co.uk Need to file UK or US tax returns? Let us know here https://www.optimiseaccountants.co.uk/become-a-client/ Transfer US$ and UK£ without the high commission and fees: https://www.currenciesdirect.com/register?afflno=0202110000646508 Book UK tax consultations: Use code YouTube15 to get a 15% discount https://optimiseaccountantsltd.as.me/optimiseaccountantstaxconsultation Get an US & International tax advice - Use code YouTube15 to get a 15% discount: https://optimiseaccountantsinc.as.me/schedule.php?appointmentType=category%3AUS%2FInternational Get UK / US Property Investment Advice: https://optimiseaccountantsltd.as.me/property-investment-advisory-services US specific support Open a UK or US bank account: https://wise.prf.hn/click/camref:1100loBZy Apply for an Individual Tax Identification Number (ITIN): https://www.optimiseaccountants.co.uk/knwbase/itin-form-w7/ File backdated US taxes to the IRS: https://www.optimiseaccountants.co.uk/irs-streamlined-foreign-offshore-procedures-sfop-eligibility-for-back-taxes-fbar/ Get a Cost Segregation study on US Real Estate Property: https://zjf538.isrefer.com/go/csf/Optimise/ Set up a US LLC company: https://www.optimiseaccountants.co.uk/tax-benefits-of-forming-a-limited-liability-company-llc-in-nevada-and-wyoming-for-foreign-investors/ Set up a US C Corporation: https://www.optimiseaccountants.co.uk/services/everything-you-need-to-know-about-starting-your-own-c-corporation/ Want reliable UK/US pension advice: https://planfirstwealth.com/ UK Specific Set up a UK limited company: https://www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/setting-up-a-property-investment-company/ Open a UK business and personal bank account and get £50: https://www.tide.co/partners/optimise-accountants/ Get a Stamp Duty (SDLT) refund: https://www.optimiseaccountants.co.uk/stamp-duty-on-buy-to-let-properties/sdlt-refunds/ Claim Capital Allowances on Furnished Holiday Lets (FHL): https://www.optimiseaccountants.co.uk/knwbase/capital-allowances-rental-property/