Rentals
Property Management
A good way of securing bookings is to work in partnership with a
Property Management Company. Also, to increase your rental income, work hard
promoting your home yourself. The right holiday home in the right location
can generate a useful rental income which can help to offset your expenses.
The Management Company will also take care of cleaning and routine
maintenance, and keep an eye on your home in your absence.
We can introduce you to local property management companies, together with
our Orlando colleagues - whatever location you choose for your home.
Taxation
Non-resident foreigners (aliens) who receive rental income in Florida must
file a federal tax return (form 1040NR), and must also collect and account
for state and local taxes on rental income.
The US and UK have a double taxation treaty, to make sure that no taxes are
levied twice on the same income. This means that UK resident taxpayers will
not have to pay income tax on their US rental income that is greater than
what they would pay in the UK.
We and our Orlando colleagues can introduce you to accountants in the
Orlando area who are experienced in assisting UK-resident rental homeowners
file their US tax returns
