Since 2021, UK residents pay 24% instead of 19%, and can no longer deduct expenses from their rental income. You still file a Modelo 210 like every other non-resident owner.
- Home not rented out: the notional income (1.1% or 2% of the cadastral value) is taxed at 24%.
- Rented out: the tax is on the gross rent, at 24%, with no expenses deducted.
- Sold: the gain is taxed at 19%, wherever you live, the United Kingdom included.
- Paying: a direct debit can come from a UK bank account, as long as you file online: the United Kingdom is in the SEPA zone.
Pick "United Kingdom" in our free Modelo 210 simulator to see your figures, or ask us in the chat.