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Tax expert Uk and spain

Posted: Fri Sep 4, 2020 4:48pm
11 replies393 views7 members subscribed
Lisa

Posts: 130

29 helpful points

Location: Garrucha

Joined: 21 May 2018

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. 

DarioMartin

Posted: Fri Sep 4, 2020 8:51pm

DarioMartin

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Posts: 5371

6393 helpful points

Location: Vera

Joined: 16 Aug 2017

Posted: 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.  

Lisa

Posted: Fri Sep 4, 2020 9:26pm

Lisa

Original Poster

Posts: 130

29 helpful points

Location: Garrucha

Joined: 21 May 2018

Posted: Fri Sep 4, 2020 9:26pm

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 ? 

Alicia 11

Posted: Fri Sep 4, 2020 9:31pm

Alicia 11

Super helpful member

Posts: 2103

1781 helpful points

Location: Mojacar

Joined: 30 Sep 2019

Posted: Fri Sep 4, 2020 9:31pm

Lisa wrote on Fri Sep 4, 2020 9:26pm:

Can you recommend anyone who can speak English ? 

indalo Partners in Parque commercial Mojacar

Lisa

Posted: Sat Sep 5, 2020 12:54am

Lisa

Original Poster

Posts: 130

29 helpful points

Location: Garrucha

Joined: 21 May 2018

Posted: Sat Sep 5, 2020 12:54am

Alicia 11 wrote on Fri Sep 4, 2020 9:31pm:

indalo Partners in Parque commercial Mojacar

Thank you. 

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Beach Wander

Posted: Sat Sep 5, 2020 5:11am

Posts: 7

4 helpful points

Location: Vera Playa

Joined: 3 Jul 2020

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. 

DarioMartin

Posted: Sat Sep 5, 2020 7:16am

DarioMartin

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Posts: 5371

6393 helpful points

Location: Vera

Joined: 16 Aug 2017

Posted: Sat Sep 5, 2020 7:16am

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

Lisa

Posted: Sat Sep 5, 2020 9:37am

Lisa

Original Poster

Posts: 130

29 helpful points

Location: Garrucha

Joined: 21 May 2018

Posted: Sat Sep 5, 2020 9:37am

DarioMartin wrote on Sat Sep 5, 2020 7:16am:

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

Thank you very useful. Haven’t rented it out yet. Just working out our best options.  

Lorna

Posted: Sat Sep 5, 2020 3:41pm

Lorna

Helpful member

Posts: 185

109 helpful points

Location: Velez-Rubio

Joined: 29 Jan 2018

Posted: Sat Sep 5, 2020 3:41pm

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.

https://gestoriasalvador.com/en/

Mrssmith32

Posted: Sat Nov 19, 2022 9:35am

Posts: 2

Location: Vera

Joined: 16 Mar 2022

Posted: Sat Nov 19, 2022 9:35am

I have bought a property in Vera how do I pay the tax ?

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