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How about getting some Tax Refunds from BTL overseas property

Posted by Wealth and Inspiration Tuesday, November 17, 2009

If you own Buy To Let property in Europe, then new legislation in this years’ budget could affect you.

Let me explain…

Prior to the budget the provision to claim for holiday lets applied to the UK only. But now HMRC are now also accepting claims from UK based European BTL landlords.

If you own a property in Europe that has made a loss in ANY tax year SINCE 2006/07 then you MAY be able to claim your losses against other income.

This can lead to substantial TAX REFUNDS.

Should your property meet the following criteria then you MAY have a claim:

* Situated in the EU

* Furnished

* Available to let for at least 140 days a year

* Not normally occupied by one tenant for more than 31 days for at least 7 months a year

If you think you MAY have a claim then send me an email to info@barrydanser.com and lets get some cash for you.

**The HMRC deadline / cut off date for these claims is 31st July 2009**

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