Policy paper

Income tax: Changes to the regulations for the Non-residents Landlord Scheme

This Tax Information and Impact Note has information about changes to the regulations for the Non-residents Landlord Scheme.

Documents

Details

This measure amends the Non-residents Landlord Scheme regulations which govern the Non-residents Landlord Scheme. It introduces a rule, subject to an irrevocable election, to enable an agent, being a prescribed person under the Non-residents Landlord Scheme, who has paid out financing costs (or has directed others to pay out financing costs) on behalf of the non-UK resident company landlord to apply an alternative to Corporate Interest Restriction as set out at Part 10 of the Taxation (International and Other Provisions) Act 2010.

The measure was laid on 17 February 2020 as The Taxation of Income from Land (Non-residents) (Amendment) Regulations 2020 and can be viewed at Statutory Instruments 2020 No.151.

Published 17 February 2020