Ying He

I have received Bonds statement from NS&I, and it lists all interest I received in the year 23/24.The statement includes some interest received between 8-11 April. Is it ok for me to use the total amount of interest listed in the statement in my SA tax return 23/24, even though some are received a few days after 6 April?

Hello HMRC Admin 10, I am afraid you haven't understood my question. My parents are not intended to apply for receiving rent in full, they have already paid tax at source (by our letting agent deducting 20% tax before sending them the remaining rent). My question is, in this instance, do my parents still have to submit self assessment tax returns?

Thank you very much Clive for your kindness to help and suggestion. My parents are not entitled to personal allowances, and almost all costs were paid via the letting agent, and there aren't much additional costs that were paid by us directly. To save the hassle of applying to receive the rent in gross, then do SA and pay tax later every year, we are happy to paying tax at source. I just wonder if the tax is already paid at source, are we still legally required to complete the SA return annually as non resident landlords? I can't really understand the necessity. Thank you

Hello. My parents live outside of the UK and own a private rental property in the UK since last year. The letting agency deducted tax before sending the rental income. My parents received monthly statements from the letting agency, and NRL6 Certificate for year 01/04/2023 to 31/03/2024 . Do my parents still need to register for NRLS, or submit self assessment since tax has already been deducted by the letting agent?