This tax regime applies to landlords whose usual place of abode is not in the UK. This is not linked to a residency status. If you are not able to obtain gross payment status, the tenant or letting agent is obliged to withhold 20% tax from the rents due. Since April 2020 overseas companies have been subject to the Corporation Tax regime.
At EAG Tax we can assist with the registration and reporting process, the Capital Gains Tax exposure and Corporation Tax filing.
Useful links:
