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My wife and I will be applying for Spanish residency next year. We are hoping to keep a small flat in the UK which we previously used to rent out. We would use this on the few occasions we would return to the UK. Any tax implications that we might not be aware of? Thanks in anticipation of your comments.
you have to declare assets over £50k on a Mondeo 720 and if you did rent it out the income on your tax return each year and of course you have to cover all the outgoings in the UK for the property.
Posted: Wed Sep 8, 2021 6:07pm
Alicia 11 wrote on Wed Sep 8, 2021 4:38pm:
you have to declare assets over £50k on a Mondeo 720 and if you did rent it out the income on your tax return each year and of course you have to cover all the outgoings in the UK for the property.
Thank you
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