Tax information, hints and news. Exclusive for overseas property investors and owners.
Many overseas investors are intrigued by the idea of buying investment property in the US. And it’s no surprise.
Despite the pandemic, after eight years of steady house price increases, the housing boom in the United States continues.
Thinking about renting out your Spanish property and wondering if Spanish rental income is taxable in the UK?
You’re not alone. Navigating international tax rules can be confusing.
This quick guide breaks down whether your Spanish rental income is taxable in the UK, helping you understand the essentials and stay on the right side of the law. Let’s make sense of it together!
Renting out your holiday home or buy-to-let on a home-sharing website such as Airbnb or Vrbo can yield attractive returns.
However, tax on Airbnb property abroad can be perplexing.
Many overseas landlords don’t realize how much tax they owe as a host. Are you getting all of your tax breaks?
We’ve answered some of the most common tax questions from short-term rental hosts with properties abroad like you.
Here is what you need to know about tax on Airbnb property abroad.
Real estate remains the king of investments. It’s not a coincidence that we have been told that a house is the best way to invest your money. Prices of Irish properties continue to grow rather than fall, as some predicted at the start of the pandemic. So is now a good time to buy a rental property in Ireland? What are your tax obligations when you sell, buy, or rent your real estate? Let’s dig deeper to find out.
Poland has become an increasingly popular destination for foreign property investors in recent years, thanks to its stable economy, attractive real estate prices, and growing rental market.
If you’re an expat who is considering an investment in Polish property, it’s essential to understand the income tax in Poland for foreigners which can be complex and differ from other countries.
In this article, we will provide a comprehensive overview of the real estate tax in Poland, covering the various taxes and fees that property owners need to be aware of. By the end of this guide, you will have a comprehensive understanding of personal income tax in Poland, allowing you to make informed decisions when investing in Polish property.
The Internal Revenue Service (IRS) requires all foreigners to pay US rental 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 our help.
Did you know that if you are a foreigner and you own property in Spain but don’t live there, you might be on the hook for something called “non-resident tax in Spain”?
Do you rent out your property? Then, you must pay rental income tax in Spain.
Surprisingly, many property owners are unaware of their tax obligations and go years without paying them.
However, things have changed recently, and understanding the nuances of international property tax is crucial for global real estate investors.
The tax authorities have become more active in pursuing unpaid non-resident taxes in Spain. They’re now sending out tax demands to those who haven’t paid their dues for the past four years.
If you receive one of these demands, you’ll have just 10 days to make the payment.
And be prepared for some additional fines too, like interest on the unpaid amount and potential penalties down the line.
It’s better to stay on top of your non-resident tax responsibilities to avoid any surprises!
In this guide, you will find everything a non-resident landlord needs to know about property tax, rental income tax in Spain, and the tax filing deadlines.
Own a German rental property or interested in investing in one? Would you like to learn more about the property tax deductions available to help reduce your rental income tax in Germany? Whether you’re a German resident or nonresident, it’s important to understand the various rental property expenses you may be able to deduct to reduce your tax liability.
Repairs and maintenance to your rental property are inevitable. But, did you know that repairs on rental property can be tax deductible?
So, what home improvements are eligible?
Here’s what you need to know if you’re a new landlord or if you’ve just had to make your first significant repair.
Ready to own a piece of paradise in Spain?
More and more foreigners are purchasing properties in Spain. According to information from Spain’s General Council of Notaries, over 67,983 houses were bought by foreigners in 2023, making up around 13% of all transactions. Additionally, foreign citizens signed 7% of the mortgages issued in Spain for property purchases.
Luckily, getting a Spanish mortgage for non-residents is possible, and there are various options available. This could be the golden ticket you need to unlock the doors to the country’s coveted housing market.
Buying property in Spain, such as a holiday home, and getting a Spanish mortgage for non-residents might be difficult but not impossible.
While some Spanish banks may turn a blind eye to those living and paying taxes abroad, don’t fret! There are plenty of other banks that are more than happy to give mortgages to foreigners so that they can make their Spanish dream a reality.
Here is everything you need to know about mortgages in Spain for non-residents.