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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 535. Non declared touristic rentals under tougher controls
23 May 2011 @ 12:30

Non declared  touristic rentals under tightest controls now.     

The last big fraud-bag of the real estate field, according to technicians of the Treasure, is reaching its end. Crossing of catastral data and electricity bills are discovering these undeclared benefits.

Home or more permanent rentals are being declared since some years ago as the tenant was obliged to declare catastral references and this declaration was attached to taxes benefit. It is not the same with touristic rentals, where taxes declarations are much more infrequent.

Advantages linked to declaring the rentals are as follows:

-          -Tax return equivalent to:  interests of the mortgage, conservation expenses, insurance, IBI payment, Community of owners, 10% of improvement expenses, 2% of value of the house as damges costs.

-   - Even 100% reductions depending on circumstances of the tenant

     -50% of net income if it is a home rental

     

 

         Sanlúcar horse races, Costa de la Luz, Spain by Laura Suarez at Flickr.com

 

 

 



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