Tax information, hints and news. Exclusive for overseas property investors and owners.
If you are a foreigner who owns a rental house or an apartment in Hungary, and you are earning a profit, you are required to submit a rental income tax return to the Hungarian tax office by 20 May 2024.
Irish real estate owners have extra time to file their tax return for rental property in 2023.
The Irish tax authorities (Revenue Commissioners) have announced that the self-assessed income tax filing deadline for 2022 returns has been extended to 16 November 2023.
The Internal Revenue Service (IRS) requires all foreigners to pay US income tax on any revenue from US sources. Unless reduced by an applicable tax treaty, rental income is subject to a flat 30% withholding tax. See details and how you can reduce your US property tax with PTI Returns help.
With the weaker pound, and the housing market experiencing strong demand, foreign investors are presented with an opportunity to acquire UK property at a more affordable cost, making this an optimal time for them to invest in the UK real estate market.
Foreigners with property there must understand the UK property taxes for non-residents. The UK has a complex tax system, and failure to comply with regulations can lead to significant fines and penalties.
If you own a property in the UK but live outside of the country, you will have to file a landlord tax return (UK income tax return) with the HMRC.
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.
British people with holiday homes abroad could face shockingly high tax bills, according to new claims.
Following the official departure of the United Kingdom from the EU on 31 December, many foreign homeowners were understandably anxious about how their property would be affected.
Not many people are aware of subtle changes around international property tax for UK residents.
With that in mind, we will explore the facts that non-resident homeowners should know.
This is a tax paid by non-residents in Spain who own properties located in the country that were not rented. They are subject to non-resident deemed income tax.
Landlords with a house or apartment in an urban area that is not let, are still obliged to pay tax on “deemed rental income“. In case the property is partially let, Spanish Deemed tax is applicable only for the period in which it was vacant or occupied by the owner for personal use.
These landlords must file a non-resident income tax return (Form 210) to report the “deemed income”.
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When purchasing your first foreign buy-to-let property, there are a variety of factors to consider like return on investment, cost and location – but one factor you may not have considered is tax.
International property tax may not be the most exciting topic. But, by getting a strong grasp of the local tax rules, you can save yourself a lot of money and stress at the tax deadline.
Tax rules can differ from country to country and in this guide, we will give you some practical tips on how to save on your buy-to-let tax bill and remain compliant when filing your tax return overseas, as well as where you can go for tax advice.
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.