Non resident income tax on holiday lets
Please could someone clarify. Im a uk resident with a holiday home in spain. If i rent out my home as a holiday rental i know i have to pay 24% tax (with now allowable expenses) but what happens in the uk? I know theres a double taxation agreement but when i declare it on my tax return in the uk do i then have to pay tax on the difference as i am on higher rate eg 40%? And if so then cam i claim expenses eg fuel, ibi, insurance, cleaning etc?
i cannot get clear answer from uk accountant?