Tax information, hints and news. Exclusive for overseas property investors and owners.
Key changes to rental income tax, capital gains tax, residency rules, and double taxation agreements that non-resident property owners should be aware of after the UK’s departure from the EU.
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Repairs and maintenance to your rental property are inevitable. But, did you know that repairs on rental property can be tax deductible?
So, what home improvements are eligible?
Here’s what you need to know if you’re a new landlord or if you’ve just had to make your first significant repair.
Owning a property is one of the largest investments you’ll ever make and it’s a huge financial responsibility.
As with any investment, you need to know how to get the most out of it. Knowing the tax credits and tax deductions available to property can help you ensure your investment pays you back.
In this guide, we will outline some useful tax tips for property owners who want to save money and reduce their taxes.
As a non-resident landlord, it is likely you will be required to file an annual income tax return. Maybe you’re asking yourself questions like – how can I reduce my property taxes?
And while it is not always easy to understand foreign tax laws, by having a strong grasp of your tax requirements and entitlements, you can save yourself a lot of money come tax time. But is there any way to lower your property taxes?
Are you a non-resident landlord with property overseas?
The last thing you want to do this year is pay a big tax bill after having an inconsistent year for renting out your property. So, in this article, we will highlight how you can file your income tax return online, who can help you, and how to minimise your property tax bill.
Owning property in Spain involves more than just paying the local IBI tax, as non-resident owners must also declare an additional imputed income tax, even if the property is not rented out.
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If you own a home in Spain that isn’t your main residence, you may owe an additional charge known as the Deemed Annual Tax (Modelo 210). This tax applies even if you don’t rent your property, and missing it can lead to penalties or fines.
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The primary change to Spanish rental income tax now permits non-resident property owners to file their tax returns (Modelo 210) annually instead of being subject to the former quarterly filing requirement. This new annual deadline for rental income earned from 2024 onward falls on January 20 of the following year, though all income earned prior to 2024 must still be filed quarterly.
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When you buy your first overseas buy-to-let property, you may need to report rental income and file tax returns both in your home country and in the country where the property is located.
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Renting out your holiday home or buy-to-let on a home-sharing website such as Airbnb or Vrbo can yield attractive returns. However, tax on Airbnb property abroad can be perplexing.
Many overseas landlords don’t realize how much tax they owe as a host. Are you getting all of your tax breaks?
We’ve answered some of the most common tax questions from short-term rental hosts with properties abroad like you. Here is what you need to know about tax on Airbnb property abroad.