Before the tax authorities, the tax is paid on the net income.\u00a0In other words, the amount received minus deductible expenses. \u00a0From this figure, the net rental income is obtained, on which a deduction of 60% can be applied when the rented property is used as the main residence. This reduction does not apply to tourist flat rentals, which is why it is necessary to clarify this point when making the tax return.<\/p>\n
In this section, the total income must be included in the section on income from real estate capital. To calculate the amount on which you pay tax, subtract the deductible expenses from the amount received and you obtain the profit, which is the amount on which you pay.<\/p>\n
Important. When the property being rented is a home, 60% of the total net rental income is exempt.<\/p>\n
Annual depreciation of the property: 3% of the higher of these values: acquisition cost or cadastral value. Very important: the value of the land must be excluded.
\nInterest on the mortgage loan.
\nConservation and repair expenses. Expenses for the extension or improvement of the property are not deductible.
\nTaxes and fees:
\nHouse insurance.
\nCommunity expenses, security, porter’s lodge, etc.
\nExpenses derived from the formalisation of the rental contract.
\nPay attention to the rents pending collection, if any.
\nHouse rented to a relative<\/p>\n
The Inland Revenue says that, if it is up to and including the third degree, the computable income must not be less than the amount resulting from: 2% of the cadastral value corresponding to the property in each tax period. Or 1.1% of the cadastral value in case they have been revised or modified.<\/p>\n
The mechanism is similar to the previous one. But in this case, it is not exempt from the 60% tax foreseen for properties rented and destined for habitual residence. In addition, the period in which the property has not been occupied must be declared as imputed income.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
All owners of rented accommodation are obliged to declare the income received from renting, as this income is considered as income from real estate capital. How is it calculated? Before the tax authorities, the tax is paid on the net income.\u00a0In other words, the amount received minus deductible expenses. \u00a0From this figure, the net rental […]<\/p>\n","protected":false},"author":3,"featured_media":51855,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1451,1193],"tags":[2296,2512,2123,2686,2292,2394,2293,2505,2469,1455,2294,2751,2291,2290,2289,1760,2295,2678,1699],"class_list":["post-52339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-uncategorized","tag-alquiler-en","tag-alquileres-en","tag-costa-del-sol-en","tag-gastos-vivienda-en","tag-inmobiliaria-frigiliana-en","tag-inmobiliaria-lucena-en","tag-inmobiliaria-nerja-en","tag-inmobiliaria-torrox-en","tag-inmobiliaria-torrox-costa-en","tag-nerja-en","tag-new-rentals-law-en","tag-real-estate-en","tag-real-estate-frigiliana","tag-real-estate-nerja","tag-real-estate-torrox","tag-rental-measures","tag-rentals-en","tag-torrox-en","tag-torrox-costa-en"],"yoast_head":"\n