Topacciolo
23-07-2013, 19:00
Hi, i don´t know if this is the right section but i´m sure the moderators will move me if i´m wrong...
I moved here to Tenerife in November 2012 and i left my house in UK (that i´m still paying the mortgage for...) rented out to a friend. We signed a private contract.
When we moved we did make a lot a lot of planning and a lot of preparation but we kind of focus only in to Tenerife... we didn´t work out exactly how our property in UK could be effected once we moved.
I kind of thought that because my rent was going to cover my mortgage and my insurances and repair costs i didn´t have to declare anything to the tax man because i was not physically get any money in my pocket.
Now i start to read around and i noticed that you should declare it.
While I was searching the web and i noticed that if you have a property in UK but you are not resident and you don´t live in UK for at list 6months you can apply for a Non Resident Tax No Tax deduction by filling up a NRL1 form.
I´m sure may of you guys moved here leaving a property back home so i was wondering if someone could help with some info or with the name of a person in Tenerife that could deal with this kind of cases.
I lived in London for over 13 years, i always worked as an employee and always pay my taxes. I love the country and I just don´t want to have trouble in UK.
thanks
I moved here to Tenerife in November 2012 and i left my house in UK (that i´m still paying the mortgage for...) rented out to a friend. We signed a private contract.
When we moved we did make a lot a lot of planning and a lot of preparation but we kind of focus only in to Tenerife... we didn´t work out exactly how our property in UK could be effected once we moved.
I kind of thought that because my rent was going to cover my mortgage and my insurances and repair costs i didn´t have to declare anything to the tax man because i was not physically get any money in my pocket.
Now i start to read around and i noticed that you should declare it.
While I was searching the web and i noticed that if you have a property in UK but you are not resident and you don´t live in UK for at list 6months you can apply for a Non Resident Tax No Tax deduction by filling up a NRL1 form.
I´m sure may of you guys moved here leaving a property back home so i was wondering if someone could help with some info or with the name of a person in Tenerife that could deal with this kind of cases.
I lived in London for over 13 years, i always worked as an employee and always pay my taxes. I love the country and I just don´t want to have trouble in UK.
thanks