Tax information, hints and news. Exclusive for overseas property investors and owners.
Buying property in Germany comes with important local taxes and fees, including transfer tax, notary costs, and annual property tax. Buyers should also budget for state-specific charges and ongoing ownership expenses.
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Non-resident landlords who own rental property in Poland generally need a Polish tax identification number (NIP) to meet their tax obligations.
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Selling property in Spain as a UK resident involves navigating both Spanish and UK tax rules, as well as legal requirements such as documentation, notary involvement, and local taxes. Sellers may be liable for Spanish capital gains tax and a 3% withholding, while also needing to report the sale to HMRC, with double taxation relief typically available.
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Are you a foreign landlord of a French rental property who finds navigating the nuances of French property taxes complicated and overwhelming? Continue reading
If you are a non-resident renting out property in France, your income is subject to taxation both in France and your home country, requiring the preparation and filing of an annual French property tax return. This article explains how to calculate your rental income and where to find assistance for filing your non-resident French tax return online.
The latest French tax reforms for furnished lettings significantly tighten the income tax treatment for short-term and holiday rentals, notably reducing the turnover threshold and expense deductions under the Micro-BIC regime, which may push more landlords into the more complex real tax regime.
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France offers international investors the chance to reclaim the 20 % VAT paid on new-build property purchases if the property is rented out commercially under qualifying conditions, making what would otherwise be a significant upfront cost substantially lower. This VAT refund is especially attractive to non-resident buyers willing to participate in schemes such as leaseback and comply with French tax requirements.
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If you are fortunate enough to own a property in a popular holiday destination, then maybe you have considered the idea of letting it out while it’s vacant. This is an ideal way for many holiday homeowners to cover the costs of owning a property and perhaps earn some extra income on the side.
However, if you earn an income from property overseas – even from short-term holiday bookings – it is likely that you will have a tax filing requirement in that country.
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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Foreigners selling U.S. real estate are generally subject to U.S. capital gains tax under rules like FIRPTA, which treats the gain as taxable income and requires a withholding (often around 15%) at the time of sale to ensure compliance.
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