Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
Business Services

Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

Click here to find out more...

Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

Click here to find out more...

Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

Click here to find out more...

Specialist Services

We also provide specialist services to a range of other clients.

Click here to find out more...

You are here: Home » Latest News » Spanish holiday home owners cautioned over post-Brexit tax impact

Spanish holiday home owners cautioned over post-Brexit tax impact


With the UK currently set to leave the EU by the end of January 2020, anyone who owns a Spanish holiday home needs to be prepared for the impact of Brexit on taxation.

Spanish tax law makes specific provision for EU/EEA residents that benefits people living in member states over others from outside the EU bloc. In some cases, this is expected to lead to a considerably increased Spanish tax bill.

The changes Spanish holiday home owners are likely to face include:

  • Higher tax on rental income with no deductions allowed in respect of costs
  • Higher tax on deemed rental income
  • Compulsory use of the state system for inheritance
  • Loss of capital gains tax benefits
  • Loss of deferral on exit tax
  • New 10 per cent tax on dividend paid to a UK company that owns less than a 10 per cent share of a Spanish company

If you have a Spanish holiday home, it is vital that you start planning for the effects of Brexit now.

Link: How Brexit will affect the taxation of Spanish holiday homes

The New LRH Client Portal


We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk