info@wongyipaccountants.co.uk | phone/whatsapp: +44 7599 614875
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CHARTERED ACCOUNTANTS IN THE UK AND HONG KONG
OVERSEAS OWNER TAX
Overseas Owner Tax
Tax services for overseas owners
The rental returns of general properties in the UK are higher than those in Hong Kong. Since the launch of BNO VISA, many Hong Kong people hope to buy properties in the UK and collect rents in order to earn higher rental returns or to have properties for self-occupation when they immigrate to the UK in the future . We can provide customers with professional taxation services to ensure that even if the owner is outside the UK, they can still complete the rent declaration legally and collect the rent with peace of mind. They are not afraid of affecting future immigration applications and causing obstacles due to tax issues.
Tax Consulting
Explanation of UK tax laws and regulations, tax responsibilities of overseas owners
Tax planning
When declaring rental income, if there are circumstances that qualify for tax credits, we can provide customers with professional advice to reduce the tax burden.
Declare tax
Explanation of UK tax laws and regulations, tax responsibilities of overseas owners
Accounting and financial statements
We can complete rent accounting and process financial statements for landlords, so that customers can confirm the records of rental income and expenses of the property, so as to evaluate the overall return of the property.
Register with NRLS
Non-Resident Landlord Scheme (NRLS) refers to the non-resident landlord scheme. We can complete the registration procedures for you to ensure that overseas owners follow the British regulations and pay the taxes generated by the rent.
Communicate with institutions
If the owner and the tax authority need to communicate about tax issues, we can contact the tax authority on behalf of the owner to help both parties solve the problem.
Overseas landlords declare rental income
If you are not a UK tax resident, you will still need to declare your rental income to HMRC each tax year. In addition, you need to register for the non-resident landlord scheme NRLS and pay taxes through tenants or property management companies, unless you are approved by HMRC to pay taxes directly overseas.
Overseas Owner Tax Rate
basic tax rate
20%
high tax rate
40%
additional tax rate
45%
Reduce tax expenses for overseas owners
When we declare taxes for overseas owners, we will analyze for the owners whether all the tax conditions that can be deducted under the law are applicable, such as property maintenance expenses during the rental period, property management fees, etc., if your property is in If there is still a loss in the case of renting out, we can complete the declaration for you and offset the loss against future annual taxes to greatly reduce the tax burden.
FAQ
Wong & Yip Accountants – Chartered Accountants in Manchester
Over 30 Years of Accounting & Tax Expertise
Wong & Yip Accountants is a firm of chartered certified accountants (ACCA & FCCA) based in Manchester, with over 30 years of professional experience. We specialise in accounting, taxation, VAT solutions, business advisory, and cross-border services.
Our mission is simple: to be the most professional, reliable, and trusted local accounting practice in the UK, helping clients grow with confidence.
Why Choose Wong & Yip Accountants?
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30+ Years of Experience – trusted by thousands of businesses across the UK and globally.
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Trilingual Support – English, Native Cantonese, and Native Mandarin-speaking ACCA-qualified accountants
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Specialists in the Oriental Market – we share your culture, language, and community.
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Client-Centred Approach – “Clients First” is our philosophy. Every solution is tailored to your unique needs.
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One-Stop Business Solutions – from UK tax compliance to cross-border e-commerce support.
Industries We Serve
Our clients range from small start-ups to multi-million-pound businesses with turnover between £20,000 and £5,000,000.
We serve a wide variety of industries, including:
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Takeaways & Restaurants
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Traditional Chinese Medicine Practitioners
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Sourcing & Trading Agents
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Cross-Border E-commerce (Amazon, eBay sellers, Shopify stores)
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Law Firms & Legal Practices
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Telecoms & Education Agents
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Construction & Engineering
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Printing & IT Services
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Landlords, Taxi Drivers, Investors, and Translators
We also collaborate closely with law firms, immigration consultants, and financial asset managers, ensuring a comprehensive one-stop service for our clients.
Our Services
At Wong & Yip Accountants, we provide a full range of services, including:
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Accounting & Bookkeeping
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UK VAT Solutions & Compliance
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Corporate Tax & Personal Tax Planning
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Payroll & PAYE Management
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Cross-Border E-commerce Solutions
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Global IP & Trademark Advisory
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Business Advisory & Management Consulting
Empower Your Global Ambition With Us – we combine technical expertise with cultural understanding to deliver results that help your business grow.
Recognition & Memberships
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Member & Fellow Member of ACCA (Association of Chartered Certified Accountants, UK)
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Trusted Tax Advisors for Amazon & eBay Sellers
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Nominated for E-commerce Agent Awards – recognised for our efficient and diligent support of online sellers.
What Our Clients Say
“Wong & Yip Accountants is the most trustworthy firm. They are highly competent and always put my business interests first. I have complete confidence in them, and I have no hesitation in recommending them to you!”
— Sam Leung, Nougart
“Since moving our business to Wong & Yip Accountants, I’ve been impressed by their professionalism, friendly attitude, efficiency, and the consistently high standard of advice and service.”
— Chris, Wakuwaku Japan
“For nearly 30 years, we have benefited from first-class, bespoke payroll and business advisory services from Wong & Yip Accountants. Their combination of skill, efficiency, and professionalism—while remaining approachable—makes them an integral part of our team. We would have no hesitation in recommending their services.”
— Alex, UKTesla
“Wong & Yip Accountants took the time to truly understand our business from the inside. Their recommendations proved invaluable, transforming the way we work.”
— Kurl, Interpropset
“Wong & Yip Accountants are proactive and supportive in every new business venture, enabling me to make informed commercial decisions with confidence. We wouldn’t be where we are today without them. Highly recommended.”
— Tracy, Woodland International
Leadership
Henry Yip, BA, FCCA, HKICPA
Henry Yip is recognised as one of the UK’s leading experts in non-UK domicile taxation. With a strong entrepreneurial and commercial mindset, he has helped hundreds of clients succeed in their UK and international business ventures.
