Have Tax Questions? Ask a Tax Expert for Answers ASAP
Thanks for your question
So what help do you need ?
Have you now registered for self assessment ?
The UK rental income section is straight forward - you put in your income and the expenses - which leaves a net income on which tax is considered plus you will need to complete a residency page as you are no longer living in the UK.
However if you cannot pay the penalties and tax due - then this also needs to be something you need to sort out - and the banks dont just close bank accounts - but you say they have your money and you have a new account?
So what about the rent money you are owed? Does the managing agent still have this ? Is the managing agent deducting tax from the rents are you and a non resident landlord?
Please advsie further
Thanks for your response
You can of course appeal the penalty but it will not reduced as you have no grounds on which you appeal that HMRC will accept - tax returns were due from the date that you let out the property and it was your responsibility (or for you to engage a UK accountant) to undertake this each year.
Your managing agent is not operating your rent correctly - as a non resident landlord they should be operating 20% deductions from rent unless you have applied to be part of the non resident landlord scheme (which is unlikely as you have tax returns outstanding) so you need toa sk your managing agent why they are not operating matters correctly for you but after they take their dues, where do they pay the money.
Banks will not close your account just because your address is not UK based, thousands of UK bank account holders live abroad, but its not a case of worrying about what has gone on, but how to take matters forward. and you may need to arrange a bank account that can pay from the UK as a matter of urgency - as you cannot pay HMRC without this ability to pay to and from the UK
Have a go at the self assessment - if you get stuck I can always help - but this will create an additional charge as this will be time consuming to go through every section, and we can offer a telephone service (
(but I am not in the UK ) so this may prove a little expensive, but let me know if you need furtehr help with this additional service
If you have all your need for now, then ot would be appreciated if you could rate me for the level of service I have provided - or click accept