LONG TERM RENTAL TAXATION

HI

SIMPLE QUESTION.WHAT WOULD BE MY TAXATION LIABILITY IF

I WAS TO RENT LONG TERM, I.E 9 TO 11 MONTHS , THEN RETURN

TO U.K FOR LETS SAY 4 MONTHS THEN RETURN  SUCCESSIVE

TIMES TO LONG TERM RENTALS EACH INTERRUPTED WITH STAYS

IN THE  U.K. I STRESS NO WORK OR PURCHASE OF PROPERTY INVOLVED

SIMPLY RESTING AND PUTTING MY FEET UP AND ENJOY THE SUNSHINE.

THANKS IN ADVANCE FOR ANY ANSWERS I MIGHT GET. I AM READING ALL

SORTS OF STORIES.

P.S I AM WELL AWARE THAT THE TAXMAN IS ALWAYS READY TO EXTRACT

ANY HARD EARNED CASH WHEREVER YOU LIVE

 john, suppose one is a sole trader with a business in the uk -  the owner is semi-retired, has a couple of staff who run the business, and he spends six months or so a year in spain, say during the quieter months of business. do all these business owners submit their accounts to the spanish taxman? one wonders how they (the spanish) can ever examine the tax returns, they would need huge teams of english speaking inspectors countrywide - my accountant is forever writing back and forth with the uk taxman justifying write downs, capital expenditures, etc. it's hard to figure out how the spanish taxman could keep a grip on, say, the casual payroll of a bangladeshi takeaway in bradford.

Sorry Guy,   I was trying to answer Herby's question, not write a paper on taxation in general.

I thought it would be too obvious to mention that, as Herby was on the face of it, talking about taxation on  personal income and stressed, "No work. was invloved,"  that my answer was on taxation of individuals who are tax resident, (I said, As tax resident you are obliged to declare your worldwide assets).

i wonder if anyone else can answer? if you're a sole trader then your trading statement is your income statement for tax purposes. so if the curry merchant submits his accounts to the spanish authority then it's up to them to accept or challenge them. i was just wondering how they would do so. i wonder what the local uk tax office would say if one told them one spent 3 months in spain and were now going to submit all future tax returns to spain. anyone know?

HI,

JOHN, U SAY IF U SPEND 183 DAYS OR MORE OR JUST 3 CONTINIOUS

MONTHS IN SPAIN U HAVE TO DECLARE YOURSELF TO THE AUTHORITIES,

BUT HOW DO THE SPANISH AUTHORITIES REALLY KNOW HOW MUCH TIME

U SPENT IN SPAIN , BECAUSE EVERYTIME I HAVE BEEN U JUST GET WAVED

THROUGH THE CUSTOMS WITH NO COMPUTER CHECKS DONE THAT WOULD

TALLY UP TIME SPENT.I PERSONALY THINK ALL THIS IS DONE ON TRUST.I KNOW

SOME PEOPLE WHO HAVE VILLAS IN SPAIN AND OBVIOUSLY GO THERE MANY

TIMES A YEAR ,THEY TELL MY THEY JUST WAVE PASSPORTS AND WHIZZ THROUGH

CUSTOMS.NO QUESTIONS ASKED.

Herby,  some people rob banks and may be even get away with it,  but there are a lot of guys in prison.

As for how do they know.  

 I am sure you are not naive enough to think that the authorities are stupid.  Electric and water bills, neighbours, credit cards, bank transactions, money changers, etc  are the more obvious ways to detect who is doing what and when.