Spanish Tax on UK Rental Property
Helpful member
Hi
We are resident in Spain and about to complete our first tax return. We have a UK property that is rented out, and we know we have to declare it on our self assessment in the uk.
We have just had a meeting with our Spanish accountant and she advised that we can no longer offset any property expenses (ie repairs, maintenance and insurance). We were wondering if anyone else in our position has been told the same or could point us in the direction of any information, as if this is correct it will make a significant difference in the amount of tax paid by people with a UK property generating them income.
Many thanks
Sharon and Mike