Hi anyone know good tax expert that understand Uk and Spain. Applying for residencia and want to know how taxes will be treated if I rent out my Uk property.
Posted: Fri Sep 4, 2020 8:51pm
Legendary helpful member
Once you have spent 183 days in Spain, you will be tax resident and liable to pay tax in Spain on worldwide income.
The Spanish tax system can be quite tangled and you’ll likely need an asesor(a) who is very good with Spanish tax.
DarioMartin wrote on Fri Sep 4, 2020 8:51pm:
Once you have spent 183 days in Spain, you will be tax resident and liable to pay tax in Spain on worldwide income.
The Spanish tax system can be quite tangled and you’ll likely need an asesor(a) who is very good with Spanish tax.
Can you recommend anyone who can speak English ?
Lisa wrote on Fri Sep 4, 2020 9:26pm:
Can you recommend anyone who can speak English ?
indalo Partners in Parque commercial Mojacar
Alicia 11 wrote on Fri Sep 4, 2020 9:31pm:
indalo Partners in Parque commercial Mojacar
Thank you.
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Posted: Sat Sep 5, 2020 5:11am
If the property is in the UK you'll be subject to UK tax on the property rental.
Posted: Sat Sep 5, 2020 7:16am
Legendary helpful member
From Blevins Franks :
UK Rental income
If you are resident in Spain and rent out property in the UK, the income could be taxable in both countries, though the UK tax paid can be offset against the Spanish liability. In Spain it is taxed at the scale rates of income tax. A 60% reduction is available in Spain against the net rental income, but only for long-term lettings where the tenant uses the property as their main home.
https://www.blevinsfranks.com/news/article/uk-investments-and-taxation-in-spain
DarioMartin wrote on Sat Sep 5, 2020 7:16am:
From Blevins Franks :
UK Rental income
Read more...
If you are resident in Spain and rent out property in the UK, the income could be taxable in both countries, though the UK tax paid can be offset against the Spanish liability. In Spain it is taxed at the scale rates of income tax. A 60% reduction is available in Spain against the net rental income, but only for long-term lettings where the tenant uses the property as their main home.
https://www.blevinsfranks.com/news/article/uk-investments-and-taxation-in-spain
Thank you very useful. Haven’t rented it out yet. Just working out our best options.
Posted: Sat Sep 5, 2020 3:41pm
Helpful member
Lisa wrote on Fri Sep 4, 2020 4:48pm:
Hi anyone know good tax expert that understand Uk and Spain. Applying for residencia and want to know how taxes will be treated if I rent out my Uk property.
I can recommend Groupo Salvador. They have an office in Mojacar. The staff all speak English and are very knowledgeable in UK and Spanish taxes.
Posted: Sat Nov 19, 2022 9:35am
I have bought a property in Vera how do I pay the tax ?