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I HAVE TWO APARTMENTS RENTED. CAN I GET RID OF THE EXPENSES?

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The lessor of a dwelling can tax a series of expenses to the income obtained by said lease.

These deductible expenses are established in the regulation that regulates the personal income tax (IRPF) and are listed below, and provided that the same are assumed by the lessor.

1. The interests of other capital invested in the acquisition or improvement of the assets or rights and other financing expenses.
2. Non-state taxes and surcharges, as well as state fees and charges: IBI, garbage rate, etc …
3. The expenses generated by third parties in direct or indirect consideration as a result of personal services, such as administration, surveillance, portería or similar.
4. Expenses incurred by the formalization of the lease, sublet, assignment or constitution, and, if applicable, legal defense related to the assets, rights or income.
5. The balances of doubtful recovery, provided that this circumstance is sufficiently justified.
6. The expenses of conservation and repair of the property.
7. The amount of insurance premiums on the leased property.
8. Quantities for services or supplies (electricity, water, gas, telephone).
9. The amounts destined to the amortization of the property under the conditions established by regulation.