Platforms will be forced to report every penny

Platforms will be forced to report every penny

Thousands of Brits and Spaniards who own holiday homes in Spain – whether they are living in the sun or just savvy investors renting out villas for extra cash – now face the full force of Spain’s taxman. And the golden age of cash-in-hand lettings? It’s over. If you have a bolt-hole on the Costa del Sol or a flat in Tenerife raking in weekend bookings, you’re now firmly on Hacienda’s radar. Source

New holiday homes are to be built on the Spanish Costa Blanca, but part of the area is in a flooded area.

Joint owners of Furnished Holiday Lets prepare for increased taxes - M J Bushell

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher tax bills. Given that couples and joint owners of FHL benefited from specific considerations, they may find themselves uniquely impacted by the changes. To avoid being hit with a surprise bill, it is worth understanding the changes and what can be done about them. How have the Furn…