Renting in Spain: are you still overpaying income tax every quarter?
Raymundo Larraín Nesbitt, October, 16. 2018
Blog post copyrighted © 2018. Plagiarism will be criminally prosecuted.
By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
16th of October 2018
The third tax quarter for 2018 is almost over.
If you are EU/EEA-resident, on renting out property in Spain, you qualify to benefit from mitigating your tax bill significantly every tax quarter following new EU Regulation.
On average, we save our clients 70% of their quarterly tax bill.
The following are some random examples of tax savings you can expect from us on renting out your Spanish property every tax quarter. These tax savings are attained on applying for lenient landlord tax relief.
The variations in results are largely due to taxpayer’s safekeeping copies of VAT invoices on their property expenses. Providing you have property-related expenses, and have a VAT invoice to back it up, we can claim tax relief on all or part of it greatly reducing your tax bill in the process.
We will save you more money in taxes than what you spend on hiring us.
What are you waiting for? Why are you still overpaying Spanish taxes?
Talk to our friendly staff, we can make it happen. We file taxes all over Spain.
3Q 2018
|
Client |
3Q tax due € |
Tax paid € (post tax relief) |
% tax savings
|
|
Mr M.S. |
619 |
384 |
38% |
|
Mr K.R. |
199.50 |
75 |
62% |
|
Mrs M.H. |
4,230 |
1,816 |
57% |
|
Mr J.G. |
513 |
0 |
100% |
|
Mrs K.D. |
185.25 |
1 |
99% |
We offer the most competitive fees in the market.
Holiday Rental Accounting Service (HRAS): €100/tax quarter
We are specialized in taxation
Larraín Nesbitt Lawyers, small on fees, big on service.
Larraín Nesbitt Lawyers is a law firm specialized in taxation, conveyancing, inheritance and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form.
Legal & tax services available from Larraín Nesbitt Lawyers:
- Non-Resident Income Tax (Fiscal Representation) from €90
- Holiday Rental Accounting Service (HRAS) from €100
- Registration of Holiday Homes (Andalusia)
- Spanish Inheritance Tax (IHT)
- Spanish Inheritance Tax Assessment Report (SITAR)
- Wealth Tax
- Spanish Resident Income Tax (IRPF)
- Tax form 720
Holiday rental taxation-related articles
- Holiday Rental Laws in Spain – 8th of March 2015
- Non-Resident Taxes in Spain – 8th December 2015
- Holiday Rental Laws in Andalusia (Decree 28/2016) – 8th of February 2016
- Renting in Spain - Landlord´s Taxation – 8th of January 2017
- Holiday Home Taxation in Spain – 8th of July 2017
- Holiday Rentals in Andalusia Made Easy – 3rd July 2017
- Non-Resident Income Tax – 8th December 2017
- Holiday Rental Taxation in Spain – 8th July 2018
- Holiday lettings: with or without VAT? – 21st June 2018
- Holiday Rental Taxation in Spain – 1st October 2018
- Renting in Spain: are you still overpaying income tax every quarter? – 16th October 2018
Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.
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