Imputed tax on UK home if resident here?

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10 Jun 2013 15:37 by camposol Star rating in Camposol. 1408 posts Send private message

I know about imputed tax on properties in Spain, but what happens if you are resident in Spain, and have a house in the UK which you do not rent out. If imputed tax IS due on it I wonder how many people know that?

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10 Jun 2013 17:38 by Kathyslad Star rating. 329 posts Send private message

Not many people, and as a result of the 720, some will find they are asked for previous years. It's quite clear in the Renta model that the tax is payable, on a second home, and as Spain taxes worldwide, then there is a option to say its overseas.

The key thing for anyone who has declared a property on the 720, is to make sure they declare in the Renta 2012.

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