To ETV or NOT to ETV


This topic contains 0 replies, has 1 voice, and was last updated by Profile photo of Morgan Mallorca Morgan Mallorca 7 months ago.

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    Profile photo of Morgan Mallorca
    Morgan Mallorca

    I have heard so many conflicting reports via solicitors and reports online about holiday renting your property in Mallorca and whether you need to ETV the property or not ETV the property.

    We have had quite a few owners from the UK who own villas and townhouses, and rent through UK based agencies who charge clients in UK sterling, they declare the income in the UK, therefore do they need to still get an ETV licence?

    I was under the impression the ETV licence is needed if you are declaring the income in Spain. As a tax resident in the UK you have a legal responsibility to declare your income on property abroad therefore surely with double tax treaty with Spain is it necessary to declare the income in Spain? Would appreciate any advice you might have for us.

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