For those unable or simply not interested
in owning their own home, the single biggest hurdle in securing their ideal
rental property can be the upfront cost.
Newly released research
has revealed how much we are paying to secure a rental property and how this
has changed in the last five years, as well as how this price increase compares
to other items throughout our daily lives.
As an overseas landlord, your letting agent would be required to deduct tax from your rental income before sending it to you unless they have permission from HMRC to pay the rent to you in full. This tax would then be paid to HMRC quarterly and at the end of the tax year you would be provided with a certificate in order to complete a self-assessment tax return and prove how much tax you have paid. If you would prefer the rent to be paid in full so you could complete a tax return and pay any money owed directly, HMRC will provide your letting agent with an approval number once you have registered with them which they need to pay the rent to you in full.