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Forum: Spain
Oct 31st 2019, 2:44 pm
Replies: 17
Views: 1,731
Posted By Fred James

Re: Property income in UK.

As far as I know, you work out the gross income after deductions and just declare 40% of it. The Spanish tax system is very simple and you do not have to give any explanations to how you arrive at...
Forum: Spain
Oct 31st 2019, 9:41 am
Replies: 17
Views: 1,731
Posted By Fred James

Re: Property income in UK.

According to the Blevins Franks "bible" the 60% deduction for long term lets also applies to properties outside Spain. As for the other deductions, they do not say that they only apply in Spain, but...
Forum: Spain
Oct 21st 2019, 1:20 pm
Replies: 17
Views: 1,731
Posted By Fred James

Re: Property income in UK.

,It is possible to get UK rental income paid without deduction of tax (by the tenant or agent) using the Non Residents Rental Income scheme. This means you get all the rental income, but UK tax has...
Forum: Spain
Oct 19th 2019, 5:24 pm
Replies: 17
Views: 1,731
Posted By Fred James

Re: Property income in UK.

It matters not if the income stays in the UK, as a resident you still pay Spanish income tax on it and CGT if you sell it.. You can deduct any UK tax paid on the same income.

As for how much the...
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