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Help or Advice >> Help and Advice Wanted >> Tax!
http://www.tortosaforum.com/cgi-bin/yabb2/YaBB.pl?num=1464259046 Message started by Paula on May 26th, 2016 at 12:37pm |
Title: Tax! Post by Paula on May 26th, 2016 at 12:37pm
Hi
Can anyone explain the probable tax implications for being a non resident & letting the house out to paying guests? Cheers Paula |
Title: Re: Tax! Post by Ritaratbag on May 26th, 2016 at 4:05pm
Rules for letting out property here,
You need to be registered etc. If you want advise on taxes, maybe speak to Carlos, who is English speaking. He is based in Tortosa, Telephone 977449022 |
Title: Re: Tax! Post by Bunter on May 27th, 2016 at 10:27pm wrote on May 26th, 2016 at 12:37pm:
http://www.spain-holiday.com/rentalbuzz/dispelling-the-myths-about-holiday-rental-licences-in-spain http://www.spanishpropertyinsight.com/2015/03/06/explaining-the-latest-changes-to-spains-rental-laws/ http://www.spain-holiday.com/rentalbuzz/holiday-rental-licences-in-catalonia |
Title: Re: Tax! Post by Paula on Jun 11th, 2016 at 3:09pm
Thanks, will plough through the info:)
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Title: Re: Tax! Post by Pondgirl on Jun 12th, 2016 at 6:13pm
You absolutely have to be registered to legally take in paying guests.
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Title: Re: Tax! Post by Paula on Jun 13th, 2016 at 6:35am
Don't panic, we have a HUT as the house was a holiday let before we bought, so just took the cert over:)
Thanks for the concern......I do believe they are not issuing new certs though in El Perello! |
Title: Re: Tax! Post by Michael on Jun 13th, 2016 at 11:33am
The original question related to tax. I would expect that for the most part tax is payable where you are domiciled so simply include any profit (after legitimate and demonstrable deductions) in your tax return at home using the up-to-date rate of exchange as applicable but declare it as foreign income. I have a niggling feeling that there might be an issue as to what is legitimate to write down to tax over a period of time. I know that there were differences between how expenses were handled in the UK and here once I started living here. Your accountant, if you have one, should put you straight on it all.
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Title: Re: Tax! Post by Paula on Jun 16th, 2016 at 1:13pm
I sort of agree Michael, however the British government want overseas countries who trade in the UK to pay tax there, & I'm sure the Spanish government feel the same, so as our trading is in Spain should we not pay the tax here?
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