How are non resident landlords taxed?

On receipt of the annual tax return, profit from rent (i.e. rent received less allowable expenses) will be assessed.

The landlord is entitled to claim relief for expense, which are usually allowed in arriving at the rental profit.

The landlord is also entitled to a credit for the tax deducted by the tenant. Form R185 should be submitted by the landlord with the tax return to obtain credit for the tax retained.