09 Jan 2012 23:48:OK, It's time for me to be a bit thick.
We just received a demand for the last three years. We pay the IBI and I knew there was another tax or other to pay and that it was something to do with Income Tax. We rent the apartment long term and I have declared the income in the UK and paid tax on it. My accountant said that I did not need to do anything else as there is a recipricol agreement in place with the UK. I don't wish to pay tax twice on my rental income and wonder if anyone can shed any light.
My questions are:-
1) Do I need to pay the Renta tax as well as the income tax I paid in the UK?
2) Am I getting this tax mixed up with Income Tax?
Any light shed would be appreciated.
Thanks
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