Expert Info

Posted by
on 18 Mar 2015
Hi,can anyone tell me how my assets in the UK I are assessed for tax in Spain.I own a house in the UK which I let. Thanks for any help Regards Eddie
Anonymous (not verified) on 6 Jun 2015 - 23:48
Hi Eddie, If you are a resident in Spain, then you must declare your world wide assets. For property the value at the date of purchase over £50,000. If property jointly owned you only declare your half. You are also required to declare your income, which is subject to Spanish income tax if you are a resident. A qualified resident means that you spend more than 181 days in Spain.
Anonymous (not verified) on 6 Jun 2015 - 23:48
Hi Eddie, If you are a resident in Spain, then you must declare your world wide assets. For property the value at the date of purchase over £50,000. If property jointly owned you only declare your half. You are also required to declare your income, which is subject to Spanish income tax if you are a resident. A qualified resident means that you spend more than 181 days in Spain.