Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Deductible definition

What does Deductible mean? In insurance and reinsurance practice, a deductible is the agreed self‑insured amount that the insured (or reinsured) must bear before the (re)insurer’s liability attaches. It is a contractual term rather than a statutory concept; its operation depends on the policy or reinsurance wording and general principles of construction. A deductible is a specified sum applied to a covered loss or claim. Claims are payable only to the extent the loss exceeds the deductible, or are settled net of the deductible. It may operate per claim, per loss/occurrence, or as an aggregate for the policy period. Wordings should state whether...

Operating the HMRC Non-Resident Landlords Scheme: UK property income, agent and tenant obligations, deductible expenses, quarterly returns, and gross payment approvals

Published by a LexisNexis Tax expert

Practice notes

The Non-resident Landlords Scheme (NRL Scheme)

Under the Non-resident Landlords Scheme, income tax at the basic rate must be withheld from rental payments due to non-resident landlords from a UK property business and remitted to HMRC.

The NRL Scheme is generally operated by:

letting agents (irrespective of the rent level); or
where there is no letting agent, tenants who:
- pay more than £100 per week (or £5,200 per year);
- or, where occupation is for under one year, a proportionate sum determined by the duration of occupation; or
- or those notified by HMRC that they must operate the NRL Scheme.

HMRC issues detailed guidance for letting agents and tenants on how the NRL Scheme should be run and their responsibilities under it (together, the ‘Guidance Notes’). In working out the tax, the letting agent or, in limited circumstances, the tenant may deduct certain expenses. These deductible costs are akin to, though narrower than, the allowable expenses used when computing property income...

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Web page updated on 21/05/2026

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