For many British expats, it is common to have a property back in the UK. Often, the property will be rented out (e.g. on a Buy to Let or “lease to let” basis), providing an income to cover the mortgage, pay for maintenance/admin costs and, hopefully, generate a small profit. However, owning property in this way can bring complications, especially regarding tax.
Category: Tax Planning
The Spanish Exit Tax: A Short Guide
Many British people (understandably) dream of their anticipated new life overseas. Yet have you considered what might happen if you leave your country of destination? In Spain, an “Exit Tax” can apply to certain UK citizens when they formally move to another country.
Which taxes should I be paying as an expat?
Taxes can seem complicated enough when you only live in the UK. However, living as a British expat in Spain can appear even more so, since you might need to pay Spanish taxes instead (or in addition!). How can you navigate all of this confidently and avoid pitfalls?
Double taxation: a short guide for British expats in Spain
Have you relocated from the UK to Spain (or you are planning to do so)? If you are feeling confused about tax, you are not alone. Navigating tax planning as a British expat is challenging. Yet it can be done – especially with professional advice.