Hi ,
I am new to the forum and Javea and have found some great information already. I have bought a house and have an Irish passport but I am a UK resident. I intend to rent out my house can I offset costs and be treated as an eu citizen despite the fact that I am a Uk resident?
No. Only those resident in an EU/EEA country can offset costs against rental. It doesn't matter what passport you hold it's your main residence and country of tax residence that does.
"it is important to note that only tax residents in EU countries, Iceland, Norway, and Liechtenstein are allowed to offset expenses from rental income. However, tax residents in other countries must declare gross income and are not allowed to deduct expenses."
You will also be taxed at 24% in Spain and declare the income quarterly. You must also declare it on your tax return in UK but any tax taken will be offset against tax in Spain.
If renting on a short term basis, ie not long term, you will require a certificate of conformity from you ayuntamiento and apply for a turistic licence.
Posted: Mon Oct 9, 2023 12:27pm
marcliff wrote on Mon Oct 9, 2023 10:52am:
No. Only those resident in an EU/EEA country can offset costs against rental. It doesn't matter what passport you hold it's your main residence and country of tax residence that does.
"it is important to note that only tax residents in EU countries, Iceland, Norway, and Liechtenstein are allowed to offset expenses from rental income. However, tax residents in other countries must declare gross income and are not allowed to deduct expenses."...
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You will also be taxed at 24% in Spain and declare the income quarterly. You must also declare it on your tax return in UK but any tax taken will be offset against tax in Spain.
If renting on a short term basis, ie not long term, you will require a certificate of conformity from you ayuntamiento and apply for a turistic licence.
Thank you it is as I thought.
Posted: Mon Oct 9, 2023 8:57pm
Legendary helpful member
Unfortunately the answer is no. As Marcliff 3xplained, living in the UK means 24% tax on gross.
If you need info on obtaining a Tourist License please send a private message and I can give you a link to official info and requirements.
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