Holiday Rental 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.

Larraín Nesbitt Lawyers is a Spanish law firm that offers a bespoke rental income accounting service for both legal and physical non-resident landlords. We file taxes all over Spain.

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 we reduce taxpayer's bills by 70%, or more, on average.

Following a new ruling from the European Court of Justice, we can now offer non-resident landlords generous tax relief. We can deduct all or part of your property-related VAT invoices. For a full list of tax-deductible items you can read our tax article: Holiday lettings: “Con factura, por favor.”

Property owners who rent properties out in Spain (whether long or short-term) and hire us, save quite a bunch in taxes. Real client examples of quaterly tax savings: Renting in Spain: are you still overpaying income tax every quarter?

"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.

For 2019, the non-resident tax calendar is as follows:

  • Q1 2019 January – March. Filed on the first 15 days of April.
  • Q2 2019 April – June. Filed on the first 15 days of July.
  • Q3 2019 July – September. Filed on the first 15 days of October.
  • Q4 2019 October – December. Filed on the first 15 days of January 2020.

 

Our Holiday Rentals Accounting Service (HRAS) offers all the following advantages:

 

  • We reduce landlord’s tax bills by 70%, or more, on average through tax relief.
  • Money-back guarantee. We will reduce your tax by a minimum of 40%, or your money back, no questions asked. All EEA/EU non-residents can benefit from this, including UK-residents (luxury rentals are excluded from this offer).
  • Deal only with native English-speaking lawyers and economists. No more ‘lost in translation’ shenanigans.
  • Registered professionals at the Spanish Law Society and Economist's Society.
  • We are members of the British Chamber of Commerce, Spain.
  • Very competitive fees.
  • Fast, responsive, easy-to-understand tax service.
  • We will let you know exactly (in %) how much tax we have saved you through our tax service.
  • Complete the quarterly tax forms in Spanish. We will email you a copy once filed for your records and for your peace of mind.
  • Submit the tax returns before the 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 €1,000,000 with Larraín Nesbitt Lawyers.
  • Up-to-date knowledge on fast-paced fiscal changes.

 

Legal fees: 100/tax quarter/per property

 

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 info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form.

 

Tax & legal services Larraín Nesbitt Lawyers can offer you

 

Holiday-home letting 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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