Renting in Spain: are you still overpaying income tax every quarter?

Raymundo LarraĆ­n 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 (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:

 

Holiday rental taxation-related articles

 

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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