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Forum: Spain

Dec 31st 2019, 3:03 am

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

European Commission Press Release March 7th 2019.

The Commission requests that SPAIN eliminate discrimination on taxation of non-resident individuals’ rental income

The Commission decided today...

Forum: Spain

Dec 27th 2019, 5:40 am

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

An effective double digit tax rise is on it's way whether it be plain stupid or not if you're a non-Spanish resident Brit who owns rental properties in Spain. What remains to be seen is how many of...

Forum: Spain

Dec 27th 2019, 3:01 am

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

Okay, but I fail to see your point again. Where's the guarantee that they will not lift the tax rate 20 percentage points from 19% to 39%? There is no such guarantee is there? Let me put it to you...

Forum: Spain

Dec 26th 2019, 11:13 pm

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

Just curious, what do you mean by this? Are you saying Spanish tax authorities often refuse to deduct expenses? If so, why/how do they do this? Can you give us some examples?

Forum: Spain

Dec 17th 2019, 11:30 pm

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

I think a Spanish landlord's expenses have gone up over the past five years, maybe that's why the rent increases...anyway, whether rents and expenses have gone up is beside the point.

My guess is...

Forum: Spain

Dec 17th 2019, 10:48 pm

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Re: Brexit to lead non-resident Brits to their sell rental properties?

Thanks for your reply.
You are correct the the tax rate will be 5% more, not a huge rise but not being able to claim insurance costs, maintenance, repairs, agent fees (if any), mortgage payments (if...

Forum: Spain

Dec 17th 2019, 4:17 pm

Replies: 30

Brexit to lead non-resident Brits to their sell rental properties?

Views: 4,174

Posted By m2m2012

Brexit to lead non-resident Brits to their sell rental properties?

According to Spanish law only residents within the European Economic Area can claim deductions on their Spanish rental properties if they are not Spanish tax residents. So after Brexit, if a Brit,...

Showing results 1 to 7 of 7