My own personal holiday home in Spain?
11:31 AM, 3rd August 2022, 4 years ago
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Hi, I understand that it’s best to consult a specialist lawyer but I thought I’d ask in case others are in the same position.
I have properties in the U.K. in my personal name and am a higher-rate taxpayer. All the properties have mortgages secured against them.
I am about to complete on a holiday apartment in Spain which won’t be rented out. I have 3 grown up working daughters.
Is there anything I should do/am liable for tax-wise with this situation?
Also, would it be best to own it in my sole name or joint names with my daughters?
Many thanks
Sharron
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