The Non-resident Landlords Scheme - HM Revenue & Customs

Reg. 4
Elected letting agents
3.9 Where there is a chain of letting agents, the last letting agent
and any other letting agent in the chain can jointly elect to
transfer the responsibility for operating the Scheme from the
last letting agent to the other letting agent making the election.
3.10 For example, ABC Ltd collects rents from tenants of a property
owned by a non-resident landlord. It pays the rents to John,
who is responsible for meeting the costs of repairs to the
property and paying the balance of the rents into the landlord’s
bank account. John is responsible for operating the Scheme
because he is the last letting agent in the chain. But, if they
both wish, ABC Ltd and John can jointly elect for ABC Ltd to
operate the scheme.
3.11 Letting agents who wish to make an election should write to
PTI providing the following information:
• the name and address of the elected letting agent;
• the name and address of the other letting agent;
• the name and address of the non-resident landlord or
landlords; and
• the date from which the election is to take effect (the
letting agents can choose this date but it cannot be
earlier than the first day of the quarter in which the
election is made).
The election must be signed by both letting agents making the
election. They can make an election by sending in one letter
signed by both parties or by writing in separately and each
providing the same information. There is no special form for
making an election.
3.12 Letting agents may wish to make an election in respect of only
part of a landlord’s rental business. They can do this by
identifying the property to which the election relates.
3.13 Either letting agent may revoke the election by notice in writing
to PTI. Such a revocation will take effect from:
• the first day of the quarter next following the date on
which notice of revocation is received by PTI; or
• 30 days following the date on which the notice of
revocation is received by PTI;
whichever is the later.
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Non-resident Landlords Scheme: Guidance Notes (01/12) 14