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Tax advice on UK property rental and personal allowance claim
Posted: Wed Dec 1, 2021 5:54pm
Hi,
Is there anyone in the same position as us and found a good gestor to assist with taxes both here and UK please?
Posted: Thu Dec 2, 2021 2:56pm
Helpful member
DeeF wrote on Wed Dec 1, 2021 5:54pm:
Hi,
Is there anyone in the same position as us and found a good gestor to assist with taxes both here and UK please?
We use Expat Services for everything we need. They are based at La Zenia and Jose is very helpful.
Posted: Thu Dec 2, 2021 11:39pm
JanetW67 wrote on Thu Dec 2, 2021 2:56pm:
We use Expat Services for everything we need. They are based at La Zenia and Jose is very helpful.
Thanks for your suggestion - to confirm - they have both spanish and uk tax expertise and could help us with tax on our uk rental property?
Posted: Thu Dec 2, 2021 11:46pm
Helpful member
DeeF wrote on Thu Dec 2, 2021 11:39pm:
Thanks for your suggestion - to confirm - they have both spanish and uk tax expertise and could help us with tax on our uk rental property?
He can definitely do tax returns here as he will be doing ours next year as residents. We also have a property in the UK which is rented and tax on the rental is taken at source by the letting agent. Give them a call on +34 621257065 and then Jose can discuss your needs with you.
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Posted: Fri Dec 3, 2021 9:17am
JanetW67 wrote on Thu Dec 2, 2021 11:46pm:
He can definitely do tax returns here as he will be doing ours next year as residents. We also have a property in the UK which is rented and tax on the rental is taken at source by the letting agent. Give them a call on +34 621257065 and then Jose can discuss your needs with you.
We became Spanish residents last year so this is the first time we have had the UK rental property taxed and it was a sizeable in proportion to our income. We believe we can put a claim in to HMRC to receive personal tax allowances but not sure .. hence we need someone who has expertise or experience in this explicit field?
Posted: Sat Dec 4, 2021 10:35am
Super helpful member
JanetW67 wrote on Thu Dec 2, 2021 11:46pm:
He can definitely do tax returns here as he will be doing ours next year as residents. We also have a property in the UK which is rented and tax on the rental is taken at source by the letting agent. Give them a call on +34 621257065 and then Jose can discuss your needs with you.
How does the letting agent know your tax code, allowance etc, and do they then pay the tax they have deducted to HMRC?
Posted: Sat Dec 4, 2021 10:48am
Helpful member
Hi, the letting agent pays the tax on behalf of my husband so they have the details to be able to do that. If you apply to the HMRC as an overseas landlord on an NLR1 form, they then send a code to the letting agent so they don't take the tax at source. You are then responsible for declaring the rent through self assessment. Using self assessment allows you to deduct insurance, maintenance fees etc from your annual rental which you can't do if your rent is taxed at source.
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