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Spanish Property Tax

What are deemed tax returns for a property in Spain?

What are deemed tax returns for a property in Spain?

Ever wondered what is deemed tax?

This is a tax paid by non-residents in Spain who own properties located in the country that were not rented. They are subject to non-resident deemed income tax.

Landlords with a house or apartment in an urban area that is not let, are still obliged to pay tax on “deemed rental income“. In case the property is partially let, Spanish Deemed tax is applicable only for the period in which it was vacant or occupied by the owner for personal use.

These landlords must file a non-resident income tax return (Form 210) to report the “deemed income”.

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USA Property Tax

Understanding Income Tax and Foreign Rental Property Depreciation: A Guide for American Investors

Understanding Income Tax and Foreign Rental Property Depreciation: A Guide for American Investors

Buying property overseas can be an attractive opportunity for American investors to generate additional income.

However, navigating the complexities of foreign rental income tax and foreign rental property depreciation rules can be challenging without the right knowledge and guidance.

Therefore, it is crucial to understand the overseas rental income tax implications and the concept of depreciation when it comes to owning and renting out properties abroad.

In this comprehensive guide, we will delve into the intricacies of foreign rental income tax calculation and foreign rental property depreciation, providing American investors with a clear understanding of the key concepts and important considerations.

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Polish Property Tax

Polish property tax – Everything you need to know

Polish property tax – Everything you need to know

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.

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USA Property Tax

Global rental income tax – A guide for American investors with overseas property

Global rental income tax – A guide for American investors with overseas property

US owners of international rental property often benefit from lucrative rental income streams. But, do you have to declare overseas property? The answer is yes, and understanding the foreign rental income tax implications is important.

A survey by Coldwell Banker revealed that 92% of high-net-worth Americans were actively considering international real estate investments last year.

While acquiring that dream alpine estate or seaside villa is exciting, it also comes with significant tax obligations, especially if you plan to generate income through rentals.

Don’t worry—we’re here to help you navigate the complexities of overseas rental income tax reporting, so you can enjoy your investment without the hassle.

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USA Property Tax

Managing foreign property and claiming foreign property tax deductions

Managing foreign property and claiming foreign property tax deductions

Understanding how to manage overseas property and claim foreign property tax deductions can make a big difference in minimizing your rental income tax and optimizing your returns from international property investments.

Navigating international real estate comes with its own set of complexities, particularly with varying tax laws.

However, as you begin earning from your overseas rental property, important questions arise: How does foreign real estate tax impact you, and are you eligible to claim a foreign property tax deduction?

Here, we’ll address your questions and guide you in optimizing your international property investments, ensuring you achieve both financial gains as well as peace of mind.

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Spanish Property Tax

A complete guide to managing your Spanish rental property

A complete guide to managing your Spanish rental property

It’s thrilling to find an overseas investment opportunity. However, dealing with the day-to-day responsibilities of managing your Spanish property can be complex. When there is a language barrier and you are thousands of kilometers away, tasks like sorting bills and maintenance of your Spanish property might be challenging. Add to that complicated rental laws and rental income tax in Spain, and it’s easy to see why so many investors enlist the services of a dependable property management company in Spain. In this blog, we’ve broken down everything a landlord needs to know about property management in Spain, and who can help you deal with your Spanish tax return / Form 210 obligation. Continue reading →

USA Property Tax

Renting out your US home while living overseas

Renting out your US home while living overseas

Renting out your US property while living overseas is a savvy move for those who want to turn that property into a self-sustaining financial asset while enjoying life somewhere else.

Now, for some American landlords, navigating the intricate realm of IRS paperwork involves an overwhelming process.

If you choose to lease your home while living abroad, you need to report the associated income and expenses on your US tax return for landlords.

This reporting is done through Schedule E, known as Supplemental Income and Loss.

Rest assured, we’re here to demystify the process.

We’ll simplify IRS reporting for you if you’re an American renting a US home while living abroad or if you live in the States and have an overseas property to rent.

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Irish Property Tax

Can you avoid paying tax on rental income in Ireland?

Can you avoid paying tax on rental income in Ireland?

If you are earning rental income from a property in Ireland, you will have some tax responsibilities that require attention.

Maybe you are even wondering if you can avoid paying rental income tax in Ireland.

This article serves as а compass to guide residents and non-resident landlords alike through the labyrinthine world of tax on rental income in Ireland.

We will answer some of the most common questions that landlords ask about saving on taxes and discuss our top tips for filing property taxes without stress.

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