Letting - Double taxation Spain and UK

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
14 Apr 2012 12:21 PM by johnzx Star rating in Spain. 5242 posts Send private message

 

Letting - Double taxation
 
Whilst chatting with an accountant friend in UK, who owns a property in Spain, he said he understood that if he were to let his property in Spain then he would of course have to declare that to the Spanish tax office and pay tax,   but he would  also have to inform his tax office in the UK. 
 
As he is in a high tax band in UK he believes he would have to the difference between what he would pay in Spain and what he would pay in UK
 
Any ideas ?.

 

 


This message was last edited by johnzx on 14/04/2012.



Like 0      
14 Apr 2012 1:11 PM by manyarna Star rating in the UK- Heart is in .... 59 posts Send private message

Hi John

I dont really know what idea's u want?

As you said your friend is a bean counter and should know the situation better than us mortals. For what its worth I think he is 100% correct.

As for ideas? dont tell either of them? not good if you are an accountant !     Dont rent it?  Move to Monaco?

The problem now with both tax offices bieng tasked to find every penny the cost if you get caught as you may know is that you pay the tax due for the  last 7 years, plus a fine / penalty up to double the tax due and then interest on the tax amount. Of course if they suspect it was a deliberate attempt to de-fraud they can go back as far as they like. Is it really worth the risk?





Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Legal right of a tenant in Barcelona - 0 posts
Moving from NIE to residencia - 27 posts
taking dogs to murcia - 1 posts
Help Please - 18 posts
TV problem with community 'rules'. Help? - 0 posts
TV problem with community 'rules'. Help? - 50 posts
Is it a good idea to go for buy to let now? - 25 posts
the problem with the ENDESA ON LINE WEBSITE! Grrrrrrrrrrrrrr !!!! - 15 posts
BARGAIN - Stunning White Sofa + Matching Furniture For Sale - 0 posts
Edinburgh Crystal Decanters - 2 posts
help - 0 posts
help - 4 posts
best bank for direct debits for utilities - non resident ! - 5 posts
Driving to costa blanca from calais - 7 posts
Car Malaga hire - 6 posts
quesada to gibralter - 10 posts
El calon - 3 posts
Help with Santa Greenhills - 4 posts
FURNITURE WANTED - Costa Del Sol - Elvira Area - 0 posts
health care coin area - 0 posts
car for sale - 0 posts
FREE Gatwick/Valencia flights 11/04/12 ~ 09/05/12 - 0 posts
Car insurance question - 5 posts
Taxis from Malaga - 8 posts
Kitten Wanted - 1 posts

Number of posts in this thread: 2

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x