Posts by cymru

cymru

15 Jan 2009

Real Estate / New Landlord - taxation on rental income [6]

I will shortly find myself in the position of renting out a flat, hopefully, since now is not an optimum time to sell. I am a Polish taxpayer (employee) and resident in Poland.

Could anyone explain to me the basics of the way the tax system works with regard to rental income and what costs you can offset against it, if any, especially things like financing costs, monthly maintenance fees, insurance etc.

Any help would be appreciated. Thanks.

cymru

30 Jan 2009

Real Estate / New Landlord - taxation on rental income [6]

thanks Harry

I also heard there is some way of simply paying 8.5% of rental income, a kind of flat (if you forgive the pun) tax. Does anyone know anything about this

cymru

15 Sep 2009

Real Estate / Avoiding tax when selling a flat in PL [19]

I think that if you have lived in the flat for more than 12 months you are exempt from CGT. However I am no tax expert.

As for est a sp. zoo, yes there are tax advantages, but you would find it hard to get a mortgage if it is only for one property and no other business activity, plus there are quite onerous accounting regulations on such a company. Of course if you were to sell/liquidate the sp zoo you would be liable for CGT, so not sure there is a huge advantage in this outside of the rental income aspect.