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Spain forumsTax benefits for rentals




 

 

Posted byMessages (sorted from oldest to newest)
Tuesday, February 12, 2008

mariadecastro
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Villa

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I'm in Algeciras (Cadiz)

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In the Annual CGT  declaration:

you can deduct all expenses all expenses which you have incur for the obtention of the rental income, non national taxes and surcharges, expenses derived from the formalising of the contract (lawyer, insurance, arbitration agreement...), maintenance and reparation costs and amounts for supplies.  You can also apply a reduction of the 50% on the net rental income obtained with the renting of a property as a home.

_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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08 Jun 2008 7:17 PM

BEAR
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Parcela



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Hi

Hope you can help me this is my first year of renting my property out. How do i go about filling tax forms and what is needed to do this. I want to make sure i dont miss anything out so their are no surprizes.

Thanks

Andrea



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08 Jun 2008 8:00 PM

Marksfish
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I'm in Leeds, West Yorkshire/ Puerto Rey, Vera., Almeria

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Excellent news . I am in the same position as Andrea, but our solicitor included the first years tax return with our conveyancing. I hope they are up to scratch on these rules now .

Mark

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17 Jun 2008 4:40 PM

Marksfish
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I'm in Leeds, West Yorkshire/ Puerto Rey, Vera., Almeria

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Hi Maria

Can you confirm this rule is applicable throughout Spain and that non residents are eligible?

Thanks

Mark

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17 Jun 2008 8:39 PM

FibbyUK
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I'm in UK, Surrey & Playa Flamenca, Costa Blanca

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Hello Andrea,
Have a look at my website, it gives details on how to pay Non Resident's taxes (simplified version)
Kind regards,

_______________________

FibbyUK

http://www.payingtaxesinspain.pwp.blueyonder.co.uk




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