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Tax expert Uk and spain

Posted: Fri Sep 4, 2020 4:48pm
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Posts: 130

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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

DarioMartin

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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.  

Posted: Fri Sep 4, 2020 9:26pm

Lisa

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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 ? 

Posted: Fri Sep 4, 2020 9:31pm

Alicia 11

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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

Posted: Sat Sep 5, 2020 12:54am

Lisa

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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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Posted: Sat Sep 5, 2020 5:11am

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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

DarioMartin

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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

Posted: Sat Sep 5, 2020 9:37am

Lisa

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Posted: Sat Sep 5, 2020 9:37am

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

Lorna

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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/

Posted: Sat Nov 19, 2022 9:35am

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Posted: Sat Nov 19, 2022 9:35am

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

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