Tax benefits for rentals

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

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
12 Feb 2008 12:00 AM by mariadecastro Star rating in Algeciras (Cadiz). 9419 posts Send private message

mariadecastro´s avatar
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



Like 0      
08 Jun 2008 7:17 PM by BEAR Star rating. 2 posts Send private message

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



Like 0      
08 Jun 2008 8:00 PM by Marksfish Star rating in Vera, Almeria. 2624 posts Send private message

Marksfish´s avatar
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



Like 0      
17 Jun 2008 4:40 PM by Marksfish Star rating in Vera, Almeria. 2624 posts Send private message

Marksfish´s avatar
Hi Maria

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

Thanks

Mark



Like 0      
17 Jun 2008 8:39 PM by FibbyUK Star rating in UK, Surrey & Playa F.... 2349 posts Send private message

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

_______________________

FibbyUK

One off fee to pay your own La Renta tax (210 Form)
Check out my website:

http://www.payingtaxesinspain210form.pwp.blueyonder.co.uk/

 




Like 0      
19 Oct 2010 12:55 PM by MrSteven Star rating. 20 posts Send private message

 Hi FibbyUk

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

Many Thanks





Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

help needed El Galan - 0 posts
Long term rental needed Estepona to Manilva - 2 posts
why would they do this ? - 22 posts
Communities working together??? - 1 posts
Help wanted with Wifi - 4 posts
Netball - 10 posts
RECLAIMING IVA (VAT) BY SETTING UP SPANISH COMPANY? - 2 posts
Info needed for new magazine - 1 posts
Quantum Villas - Anyone heard of them ? - 47 posts
Irwin Mitchell Land Grab action - 0 posts
Quick question before flying - 11 posts
New CGT Rules - 5 posts
Where'd the OASIS go?? - 3 posts
TO DO LIST - 6 posts
Money recovered - 4 posts
New Life in Spain - 4 posts
Golf Course - 4 posts
majestic gardens - 2 posts
Illegal property in Catral & surrounding areas, Costa Blanca - 0 posts
rental agent fee - 8 posts
Ms Janice Duncan and Mr. Neil McWilliam - 1 posts
I presume you all received it? - 4 posts
Residencia - 1 posts
Good Rental Agent Marbella Area - 1 posts
ACC a no go area - 5 posts

Number of posts in this thread: 6

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