All investors from overseas, whether corporate or individuals, making investments into real estate in the UK need to have a reputable and reliable tax agent with a physical presence within the jurisdiction.
- Q.
- How is a tax agent formally appointed and how are the UK authorities notified of this appointment?
- A.
- After providing an estimate for the cost of carrying out the work, we issue a formal engagement letter and carry out a simple, new client due diligence exercise. The key document that provides official notification to Her Majesty's Revenue & Customs (HMRC) is known as a 64-8, without which an agent is unable to correspond or file returns electronically on behalf of clients.