Overpaid property tax

[N580]

Hello, In 2011 when immigrating to Australia my wife and I decided to keep our UK property and rent it out fully managed through an estate agent. During that time we have (unknowingly) overpaid tax to HMRC as we didn't meet the minimum income tax threshold (and we made losses). We only found this out as we have changed agents who advised us to fill out the appropriate paperwork in order to avoid paying unnecessary taxes, which we did. I have recently submitted my self assessment and would like to find out how we can claim back the overpaid tax from our property income from the years 2012-13, 2013-14, and 2014-15. Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years. Any assistance would be appreciated.

[section 44]

Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years

?

[bd6759]

Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years

?

If they weren't registered as non-resident landlords, the agents would need to deduct BR tax from the rent they collected. If the tax deducted exceeds the tax due, they will have overpaid.

The tax deducted should be recorded in box 21 of the property section of the tax return.

[Ian McTernan CTA]

Read this:

https://www.gov.uk/tax-uk-income-live-abroad/rent

You might also not be aware that if you sell the property UK CGT will now be applicable (it's complicated).

I'm somewhat surprised your new agent didn't point you in the right direction and aid you in completing previous years and claiming the refund (for a fee).

[section 44]

If they weren't registered as non-resident landlords, the agents would need to deduct BR tax from the rent they collected. If the tax deducted exceeds the tax due, they will have overpaid.

Indeed but how does that explain:

Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years.

[bd6759]

If they weren't registered as non-resident landlords, the agents would need to deduct BR tax from the rent they collected. If the tax deducted exceeds the tax due, they will have overpaid.

Indeed but how does that explain:

Our property was being fully managed resulting in us not filing any returns or self assessments with HMRC for those years.

Presumably they didn't approach HMRC to tell them about the income. Since tax was deducted at source, there would be no s7 obligation.