Tax benefits for rentals

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.

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

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

Hi Maria

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

Thanks

Mark

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

 Hi FibbyUk

  Thanks to your link and info I really need it because I dont know how to pay my taxes.

Many Thanks