25 May 2011 2:18 PM:

 

Hi All

I am new to this forum but joined because like everyone else I feel like a cash cow for the spanish government just because I have a second property in Spain.

I am interested in the idea of transfering my property to a UK private limited company. I have two questions:

If the property initialy runs at a loss can I recoupe any money I have to put into the company in the early years later on without paying tax on it ?

I have an existing UK PLC can I transfer the property into that thereby offsetting my existing corperation tax liabilities against the property, i.e. the mortgages and bills will be payed by the UK PLC prior to me taking a dividend ?

HELP !

Property on Finca Parks : I will send you a PM for your agents details

Thread: Spanish Income Tax on rental income for non residents

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