9:58 AM, 7th March 2022, About 2 years ago 14
Hi there, I was wondering if anyone has any insight into the Spanish taxation on UK rental income. I am very close to becoming a Spanish resident, but I am worried about the overall taxes concerned. I am aware of wealth tax obligations and income tax obligations but have seen on some tax sites the mention of a 60% reduction of net rental income available in Spain but only for long term rentals.
As you can imagine, this would be an absolute game-changer in relation to how much tax I would have to pay.
If anyone is a Spanish resident who has UK buy to let properties and does or does not receive this allowance, I would be extremely grateful to know your thoughts.
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