Are these deductible expenses for foreign property?

Hi, Very new to all this, so please bear with me. I have inherited an apartment in Tenerife. It is let through an agency. As I understand it, since Brexit I can't deduct expenses over in Tenerife but I can in the UK? So would any of the following be deductable? *Legal fees (paid for tax return in Tenerife) *Letting agent fees *Community fees (maintenance of grounds) *Contents insurance for the apartment *Bank charges for having a bank account in Tenerife to pay the bills *Replacement items - kettle, boiler, beds, TV, etc *Fumigation * Local tax (Housing tax – Impuesto Sobre Bienes Inmuebles (IBI)) * Agencia Tributaria Canaria IGIC *Water bill *Electric bill Many thanks

Hi ,
 

You will need to check with the Spanish Tax Office as to what expenses they will allow you to deduct over in Tenerife.  Guidance on what expenses are allowable when you record this income on a UK tax return can be found on the SA106 Foreign page notes Page FN12.  Basically all you are doing is taking your gross income from property, Checking the SA106 notes, deducting allowable expenses then completing the entries on the SA106 pages F4 & F5.  Any tax that you have already paid in Spain can be recorded on pages F4 & F5.  This tax will be taken into account in your final tax calculation.  There is more guidance here:  https://www.gov.uk/guidance/income-tax-when-you-rent-out-a-property-working-out-your-rental-income https: assets.publishing.service.gov.uk/media/6602c49b65ca2f8e6b7da785/SA106_Notes-2024.pdf https:  assets.publishing.service.gov.uk/media/6602c41265ca2fa78e7da897/SA106-2024.pdf  . Thank you .

Thanks. Please advise if I'm doing the following right. I filled out my online tax return and printed it out. All amounts converted from Euros to Pounds. This is the FHL section: Box 5 - I entered my gross income Box 6 - I entered the insurance and services provided amounts Box 8 - I entered my Spanish accountant fees Boxes 13 and 15 - the adjusted profit appeared Where do I put the foreign tax paid? Does it go in this section or in the Summary of Income from land and property abroad? (Box 28) Thanks

Hi,

You can find guidance to help you fill in the UK property pages of your tax return here:

UK Property Notes

Thank you.