Hi all, wasn't really sure the best place to post this.
My lovely dad died almost three years ago and me and my 2 siblings have inherited his apartment in Spain. We are now having to decide whether to rent it out to help pay the running costs and I want to do things legally and declare tax in Spain. My sister has one more year of tax credits and is concerned that the rental money will affect this. The money will be paid into our Spanish bank account, tax returns will be submitted to our spanish accountants and the tax will be paid in Spain. So technically no income will be coming into any U bank accounts and we are going to keep the money in Spain as it purely is to keep the apartment running. It will not be rented all year round, just a long winter let for 5 months or so.
Does anyone know if this has implications with the HMRC and does she need to tell them this is what is happening?
TIA