james59
Joined: 11/28/2019
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RE: Tax on EEA rental property that makes a loss
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Tax on EEA rental property that makes a loss
Question on foreign tax regarding an EEA rental property. I have a holiday house in Portugal. I am a UK resident etc. I have a rental licence and declare paid guests to SEF and the tax authorities in Portugal. I paid Euro 474 last year in Portugal tax for my rentals. In the UK I declare my EEA rental home, However, I made a loss on my home of £8000 for UK tax purposes so no tax due in the UK. Can I claim back the Euro 474 tax I paid in Portugal from HMRC ? If not can I carry it forward to offset against UK tax in future years? Please let me know Many thanks James -
RE: Rental Income from foreign property
Question on foreign tax regarding an EEA rental property. I have a holiday house in Portugal. I am a UK resident etc.I have a rental licence and declare paid guests to SER and the tax authorities in Portugal. I paid Euro 474 last year in tax for my rentals. In the UK I declare my EEA rental home, However, I made a loss on my home of £8000 for tax purposes so no tax due in the UK. Can I claim back the Euro 474 tax I paid in Portugal from HMRC ? If not can I carry it forward to offset against UK tax in future years? Please let me know James