This topic contains 6 replies, has 4 voices, and was last updated by 
Mark Stücklin 1 year, 6 months ago.
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Hi,
I have seen two different interpretations of taxes for non-residents investing in property and subsequently renting out their property.
One is saying that only EU-residents can deduct costs like interest on mortgage before being taxed on rental income.
The other states that only EU-nationals can deduct costs like interest on mortgage before being taxed on rental income.
The reason I am asking is that I am a EU-national but a resident in Ghana so it makes quite a difference for the rental income I could expect from an investment.
Could you clarify?
Thanks
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What counts is citizenship / nationality, not residence.
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Mark,
Do you know if the same applies to Inheritance/Succession Tax (IHT)? I appreciate that Brexit may affect this in the future, but, under current rules, would my daughter, a UK national resident in Dubai, be treated more-or-less identically for IHT as my son (UK national and resident). I am assuming that I will be tax-resident in Catalunya on my death, with most of my assets located in Spain.
My guess would be that a non-EEA resident would be subject to the general Spanish rules rather than the more generous Catalunyan rules,
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I was advised the opposite by my accountant, and was denied all property deductions when I lived in Switzerland even though I have British citizenship, because he said I had to be resident in the EU to be eligible for the deductions and citizenship didn´t matter.
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Yes, you are right.
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Sorry, I have to rectify. I was wrong to say that nationality counts. It’s residence that counts. I wasn’t thinking straight. I just went back to check Raymundo’s guide to non-resident taxes and it makes it very clear.
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So just to clarify, if you are tax-resident in Ghana you won’t be able to deduct expenses.
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