griff0509 Posted December 23, 2016 Report Share Posted December 23, 2016 I own a property in the UK and have lived there for 6 years with my family. Last year I was forced to move to Spain for a work emergency (I had to sack the MD for fraud). The move was not one of my choosing and is complelty work related. In order to be able to afford to pay rent on a property near my business, I have rented the house in the UK. In fact the rent on the house in Spain is more that the income I receive from renting my UK property. My question is, can the rent that I pay in Spain offset that tax that I have to pay on the income received from the UK tenancy? Link to comment Share on other sites More sharing options...
Carryon Regardless Posted December 23, 2016 Report Share Posted December 23, 2016 As I see it these are totally independent issues. If the rental in Spain is a tax allowable expense, and I wouldn't like to say how, then it is claimed as such against the Spanish business profits. If your rental business in the UK makes a profit then tax becomes payable. If overall you make a loss in Spain again I wouldn't like to say if that can be used as an offset for your UK liabilities, but we are in the EU, still. In theory though wherever you live will have an expense, how much of an expense is your choice. Link to comment Share on other sites More sharing options...
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