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Friday, June 29, 2007
caro
Parcela
I'm in BELFAST
I've made 8 posts
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We purchased a property this year with a guaranteed rental income from the developer. We now have to submit an invoice for the 1st quarter’s rental.
Can anyone confirm the taxes due on this; I know that we have to pay 25% but do we also have to pay IVA? Any info would be appreciated.
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01 Jul 2007 10:22 AM
miket
Adosado
I'm in La Mareina, Elviria
I've made 301 posts
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Caro,
Income Tax is chargeable at 25% on your Net Rental Income after deduction of allowable expenses. There is NO IVA payable on any Income Taxes
_______________________
Mike T
www.marbellahillview.co.uk
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