This is a sought after status applied to someone who conforms to the UK's rules of living overseas, whose intention is to live and reside overseas and not to return to the UK for any period of time which could throw doubt on that intention.

A company may be non-UK resident if it is registered and centrally managed and controlled outside the UK.

Because you will almost certainly pay too much tax and your cash flow will be adversely affected.

No. Being in the Non Resident Landlord Scheme improves your cash flow but does not exempt you from paying tax on your net property income. Once you have signed up to the scheme you should complete an annual self assessment tax return and submit it to HM Revenue & Customs by a set deadline. If the deadline is missed you will be fined. As part of Optimus’s Landlord Service we complete your self assessment form for you.

Tax administration is very time consuming - one phone call to HM Revenue & Customs could take you an hour! We are experts in tax allowable expenses, personal allowances and property taxation, with our Landlord Service designed to make sure you do not overpay income tax. Optimus is also very experienced - the company has been looking after over a thousand clients for more than 34 years.

Most of the expense of maintaining your property, professional fees and finance costs. We will calculate all the tax allowable expenses you can claim against your rental income.

There have been proposals to restrict entitlement to UK personal allowances for non-residents but such proposals are presently in abeyance. All British and other EU citizens are currently entitled to personal allowances wherever they live. For others the rules are more complicated. We will claim personal allowances wherever we can as they give you a certain amount of tax free income each year.

Click here to see our fees and find out more.

Tell us as soon as possible and we will do the rest.

31st October following the end of the tax year for paper tax returns, 31st January for online tax returns. HM Revenue & Customs will fine you for late submissions.

6th April to the following 5th April.

It depends on whether you can get a better return on your money, net of any tax you have to pay, on an alternative investment.

Yes. There are a number of things you may need to do before you move. Contact us for advice as soon as possible.

Not if yours is a commercial property, but yes, probably, if you make a gain on a residential property. Click here for more information on CGT and non-residents .

"Non Dom" is a non domiciled individual. Domicile is distinct from nationality and residence. Domicile is a general law concept which has been adopted by tax law. In general you are domiciled in the country where you have your permanent home. Essentially your domicile is linked to the country where your roots are and this status clings to you for life, catching up on your death when inheritance tax can become due. Those who are resident in the UK but not domiciled here receive special tax treatment in respect of income and gains arising outside the UK.

Direct taxation in the UK depends considerably upon being a resident. The Statutory residence test (SRT) establishes whether you are tax-resident in the UK. Click here for further information.

If you are a non-UK resident (see statutory residence) and remain so, the CGT rules affecting non residents will apply. Even if you are not yet a non-UK resident CGT potentially applies to the gain you make on disposal. There are however exemptions that may be available to you reducing your CGT liability. If you are returning to live in the UK you should look at the other exemptions from CGT which may apply if you reoccupy your home again before selling it. See these notes for more information.

Yes. You pay it through a self assessment tax return. This is something our Landlord Service can help with.

Tax administration is very time consuming - one phone call to HM Revenue & Customs could take you an hour! As experts in tax allowable expenses, personal allowances and property taxation we make sure you do not overpay income tax. Also our experience in this specialist area goes back over 34 years.

Most of the expense of maintaining your property, professional fees and finance costs. We will sort out all the tax allowable expenses you can claim against your rental income.

Yes, as long as they have not already been set against your other income.

Click here to see our fees and find out more.

Tell us as soon as possible and we will do the rest.

31st October following the end of the tax year for paper tax returns, 31st January for online tax returns. HM Revenue & Customs will fine you for late submissions.

6th April to the following 5th April.

It depends on whether you can get a better return on your money, net of any tax you have to pay, on an alternative investment.

Yes. You will become a Non Resident and the taxation rules change. We would recommend you sign up for our Non Resident Landlord Service as otherwise your lettings agent is obliged to deduct income tax at source from your rental income, which is not the most efficient way of paying your tax.

CGT potentially applies to the gain you make on disposal. However, there are exemptions that may be available to you, reducing your CGT liability; several more would apply if you reoccupy your home again before selling it. See these notes.

ATED is the acronym for the Annual Tax on Enveloped Dwellings. Click here to learn more.

Yes, if the property is residential (a “dwelling”) your company must make an Annual Tax on Enveloped Dwellings (ATED) return and either pay this tax or claim relief from it. Follow this link to see more about ATED.

All except those about personal allowances, statutory residence and domicile apply if your company is not resident in the UK. So does the note about special taxes above.