massi

Thank you...that's what I was thinking...

Hi have an EEA Furnished. It is in the first year and it made a loss. However, Italy witheld 21% tax on the gross income. I therefore paid £2300 Euro of Tax in Italy. However the UK liability on the property because of the loss is 0. I have other UK tax liability greater than £2300. Can I claim £2300 tax relief as the EEA Furnished let would have not attracted any UK tax but I had to pay tax in Italy? Or I can only add the tax into the EEA Holiday let costs and de-fact reduce the loss by a smaller amount - but can't claim tax relief. ie. reduce my overall UK tax liability by £2300?