Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello and thank you for allowing me to assist you.
You can get your rent either:
If you want to pay tax on your rental income through Self Assessment, fill in form NRL1i and send it back to HMRC.
If your application is approved, HMRC will tell your letting agent or tenant not to deduct tax from your rent and you’ll need to declare your income in your Self Assessment tax return.
If you do not request or you are not approved then your tax is deducted from rent.
Your letting agent or tenant will:
The basic rate is 20%.
If you rate in a positive way (look for the STARS or SMILEY FACES) I am credited with responding. It adds nothing to your costs but it assists me.