You’re offline. This is a read only version of the page.
So basically the situation is...
I am a non-resident landlord (overseas), and my rental income for the tax year 2020-2021 is less than £1000 as the transaction is only completed by end of March.
If that is the case, do I need to complete a self-assessment form after all. it is my understanding that I DO NOT, as suggested by Section 4 of the Tax Return Notes (SA150), as well as the self-assessment online tool. I am just a bit confused on whether my identity as a non-resident landlord will mean I am subject to some other special rules?
If I do not need to submit a self-assessment, do i need to inform HMRC that I am not submitting a self-assessment or that is not required?
Thanks for reading and looking forward to your reply.