24 Jan 2014 1:15 PM:

Hi. I have been reading this thread with interest as I too am trying to get my expenses right. I am non resident but resident in EU.

My question is, when calculating allowable expenses, with utility bills etc, should I include the IVA on them or only the base imponible?

I do not charge guests IVA on short term lets so IVA is a real cost to me.

Reading the extract posted by Kathyslad it says: "Two. ° The state taxes and surcharges and fees and state surcharges, whatever their denomination, provided that impact on yields computed or good or right producer and not have those punitive nature." Would this refer to IVA paid on utility bills?

I've found the Spanish sentence which reads: "Los tributos y recargos no estatales, así como las tasas y recargos estatales, cualquiera que sea su denominación, siempre que incidan sobre los rendimientos computados o sobre el bien o derecho productor de aquéllos y no tengan carácter sancionador."

I would be very grateful for any comment. If the above extract is the applicable law then please let me know so that I can pass that info on to my gestor.

Also, in another previous post Kathyslad refers to 3% depreciation that can be claimed annually. Is this 3% of the purchase price or valor catastral? Or some other value? In which Law is this, again so that I can point my gestor to it.

Many thanks for your time.

 

This message was last edited by nonresa on 24/01/2014.
Thread: Rental Income - Allowable Expenses

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