Expert Info
on 18 Mar 2015
Hi,can anyone tell me how my assets in the UK I are assessed for tax in Spain.I own a house in the UK which I let. Thanks for any help Regards Eddie
Anonymous (not verified) on 6 Jun 2015 - 23:48
Hi Eddie,
If you are a resident in Spain, then you must declare your world wide assets.
For property the value at the date of purchase over £50,000. If property jointly owned you only declare your half.
You are also required to declare your income, which is subject to Spanish income tax if you are a resident.
A qualified resident means that you spend more than 181 days in Spain.
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Anonymous (not verified) on 6 Jun 2015 - 23:48
Hi Eddie,
If you are a resident in Spain, then you must declare your world wide assets.
For property the value at the date of purchase over £50,000. If property jointly owned you only declare your half.
You are also required to declare your income, which is subject to Spanish income tax if you are a resident.
A qualified resident means that you spend more than 181 days in Spain.
- Log in or register to post comments
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