Blog post copyrighted © 2017 and 2019. Plagiarism will be criminally prosecuted.
By Raymundo Larraín Nesbitt
Lawyer – Abogado
21st of January 2019
These four simple words in Spanish ('with a VAT invoice, please') can save you a massive amount of money when you pay non-resident taxes in Spain.
Following new EU regulation, all non-resident EU/EEA property owners who lease property, are entitled to deduct from their quarterly tax bill all property-related expenses (Iceland, Liechtenstein and Norway tax residents may also benefit from these generous tax deductions). That is quite a lot of money you can offset, greatly mitigating your tax bill. If you are not EU-resident, you cannot benefit from this.
This is understood as expenses that contribute towards the upkeep of your Spanish property.
Anyone handing you an invoice without VAT, is not tax-deductible. Make no mistake, as you cannot offset this expense you are in fact paying for the tax of this other person. I don't know about you, but I've never fancied paying for other people's taxes out of my own pocket...
You may claim as tax relief all the following expenses, providing you have been issued with a proper VAT invoice (till receipts from supermarkets or petrol stations are not acceptable).
We lower by 70% our client’s tax bills, on average. What are you waiting for? Call or email us.
We offer the most competitive fees in the market.
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 firstname.lastname@example.org, by telephone on (+34) 952 19 22 88 or by completing our contact form.
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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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