The Income tax calculator 2019-20 below focuses on income from property. It is suitable for tax research by UK tax payers including Buy to Let (BTL) and other property investors.
The calculator can also be used for other types of taxable income by skipping the property sections.
Register for Self Assessment
Prior to submitting your tax return, you need to register for Self Assessment (SA) online. Once registered, HMRC will send you a letter containing your UTR number within 10 working days.
HMRC requires a SA tax return from the self employed, most company directors, people in partnerships and those receiving:
– Income from property
– Tips and commissions
– Savings and investments
– Foreign income
Non Resident Landlords (NRL)
Non resident landlords can apply to HMRC to receive UK rental income without deduction of UK tax – individuals.
NRL Online Application To Receive Rent without Deduction of UK tax
HMRC provides the following an online application NRL1 Online Form to allow NRLs to apply to have rent without deduction of UK tax.
Government Gateway User ID
To apply online, you need a Government Gateway user ID and password. If you do not have a user ID, you can create one when you apply.
NRL Postal Application To Receive Rent without Deduction of UK tax
HMRC also provides the following postal application NRL1 Postal Form to allow NRLs to apply to have rent without deduction of UK tax.
The tax calculator above is provided for research purposes only and is not meant to be relied upon for any other purpose. If you would to use our tax filing services please submit your email address along with a brief description of your requirements and we will get back to you.
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