Holiday Rentals Accounting Service (HRAS)

Raymundo LarraĆ­n Nesbitt, January, 15. 2018

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
16th of January 2018



The explosive two-digit year-on-year growth on rental income we have witnessed over the last years in Spain has brought a huge demand for professional holiday-home rental accounting services. This is hardly surprising given how Spain overtook the US in 2017 as the world’s second biggest holiday destination.

Our law firm offers a bespoke rental income accounting service for both legal and physical non-resident landlords.

Our team of dedicated lawyers and economists will file and lodge your quarterly tax forms for a very competitive fee. Because of how admin intensive this procedure is, and the need for specialized tax software, landlords should not realistically hope to complete it on their own without attracting fines & penalties.

The most interesting part of our accounting service is that, following new regulation, we can reduce your landlord tax bill by a minimum of 40% - or your money back!

In some instances, we have even reduced a taxpayer's bill by 97%! So, owners who rent properties out in Spain (whether long or short-term) and hire us, save quite a bunch in taxes.

"We will save you more money (on taxes) than what you spend on hiring us."

We take the stress off your taxation freeing you up, so you can relax and spend more time enjoying what you value most in life.


Our Holiday Rentals Accounting Service (HRAS) offers all the following advantages for a low fee:


  • Deal only with native English-speaking Lawyers. No more ‘lost in translation’ shenanigans.
  • Apply for landlord tax relief (on average these tax allowances reduce a landlord’s tax bill by 40%, or more). I can honestly say that after having worked in multiple companies for over a decade, very few actually go into all the trouble of claiming back all these expenses on behalf of their clients because it is quite laborious. We do, for the quoted fee. We will let you know exactly how much money we are saving you in taxes. All EU non-residents can benefit from this, including UK-residents.
  • Complete your quarterly tax forms in Spanish. We will email you a copy once filed for your records and for your peace of mind.
  • Ensure you do not overpay on calculating the tax due on your property based on its rateable value and the number of days you have owned it on a pro rata basis when it is not rented out.
  • Fast, responsive service. No more having to wait for weeks on end for your Spanish Lawyer to reply to your calls or emails.
  • Submit the tax returns before the Spanish Tax Office in a timely manner (thus avoiding attracting penalties and surcharges on late payment).
  • Setting a fiscal representative’s address to deal with all tax-related correspondence generated throughout a fiscal year.
  • Reply to any tax notifications within the deadline ensuring tax compliance.
  • Appeal misunderstandings or material errors (additional fees may apply).
  • Mandatory Professional Indemnity Insurance which you can claim from in case of negligence or malpractice. Currently this cover stands at €800,000 with Larraín Nesbitt Lawyers.
  • Up-to-date knowledge on fast-paced fiscal and legal changes.


Legal fees: From 100/tax quarter*

*For one property owner, if there is more than one, higher fees apply.


Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in taxation, inheritance, conveyancing, and litigation. We will be very pleased to discuss your matter with you. You can contact us by e-mail at, by telephone on (+34) 952 19 22 88 or by completing our contact form.


Legal services Larraín Nesbitt Lawyers can offer you


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