alyssa del sal
-
how to work out tax to pay on rental property in italy
I live and work in the UK, and am considering buying a property to rent out in italy with my partner. I am trying to work out how much tax i will pay on the property. In italy, the rate is 21%, and in the UK my salary is 42k so i pay 20%. Would that mean i dont pay any tax on it in the uk if my share of the profit still falls below the 50k threshold? thanks in advance