BIM60900 - Notification, registration, assessment & payment
When the Transactions in UK Land rules apply the company or individual's income will be treated as arising from a trade of dealing in or developing UK land. Both UK resident and non-UK resident companies and individuals will need to notify chargeability and register to pay tax.
There are no separate filing or payment rules for this legislation. The normal self-assessment regime for income tax and corporation tax will apply.
Non-UK resident companies need to register for UK corporation tax using the guidance at: Register an offshore property developer for Corporation Tax - 바카라 사이트
UK resident companies should follow the guidance at: Set up a private limited company: Add Corporation Tax services to your business tax account - 바카라 사이트
Individuals (UK resident and non-UK resident) will need to register for self-assessment and notify chargeability to HMRC. Guidance on how to register for self-assessment can be found at:Â /topic/personal-tax/self-assessment