Paying tax on a rental property

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
03 Oct 2009 12:00 AM by marinagm Star rating. 7 posts Send private message

I have an apartment that I am going to rent out for holiday lets. I understand that I need to declare 25% tax on the rental income. Are there any allowances that can be offset against this?





Like 0      
03 Oct 2009 1:24 PM by summer1010 Star rating. 62 posts Send private message

summer1010´s avatar

Doesn't the tax authority deduct this anyway and send you the bill at the end of year?  They assume that everyone is going to rent their property, so make the deduction by default.

Are there any allowances?

www.golfapartment.co.uk

 

 





Like 0      
03 Oct 2009 2:18 PM by nfm2862 Star rating in Welling, Kent & Al A.... 1460 posts Send private message

nfm2862´s avatar

There are 2 issues here:

La Renta Tax which every non resident property owner in Spain has to pay annually regardles of whether they rent out their property or not. This charge is calculated using the Catastral value of your property.

Then there is Tax on Rental Income received which is charged at 24% of the income received not by declaring 25% of your income, as marinagm states.

You cannot offset any expenses against the Income Tax.

Noreen



_______________________

www.alandaluscarhire.com

www.vera-apartment.com

www.verathalassa.es 
 




Like 0      
03 Oct 2009 5:27 PM by the doc Star rating. 30 posts Send private message

 

does anyone know?

Is  the renta tax due if the property is let  and tax is being paid on the rent.

what happens if you don't pay the renta tax?

Some say the debt is attached to the property , some say that it is not

 





Like 0      
05 Oct 2009 7:24 PM by andrew10 Star rating. 2 posts Send private message

hello Doc,

 

Yes, the renta tax is due regardless whether the property is let or not.

Tax is due monthly on any income from property.

renta tax is due from anyone who owns a property in Spain  that is not deemed to be their main residence

 

As to whether the debt is attached to property ---   Not sure

hope this helps

 





Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Health and Safety Agencies - 2 posts
Jet 2 Christmas/new year flights to Murcia - 5 posts
Uk Shopping In Spain - Consumer Advisor - 0 posts
Cannibalism - Can you HELP - 5 posts
Non Completion on Roda Contracts - 2 posts
Madrid Olympic bid 2016 - 0 posts
Registering a UK motorbike in Spain. - 3 posts
Beware Lettings Conman - 0 posts
Alcazaba Hills - 17 posts
uk treats costa blanca - 0 posts
Debt Termination Incorporation - 2 posts
Private Health Insurance. Costa Blanca - 0 posts
Importing a UK car to Spain - 17 posts
New Healthcare Scheme for Valencia - 2 posts
taxi needed on saturday night from Valle del Este to Mojacar - 0 posts
la caixa - proceddures on depositing cheques - 4 posts
Looking for a few key estate agents - 0 posts
Print Spanish postal stamps from PC? - 1 posts
Question for Maria - 1 posts
starting up stables in spain - 3 posts
Registering with the Spanish Tax Office - 5 posts
PM from rememberme............... - 1 posts
Yellow whites - 2 posts
Car registration plates - 9 posts
Reply from the "Tax Man" - 1 posts

Number of posts in this thread: 5

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x