The new market rent is favored by the tax advantages. Before the new tax return of 2010, both owners and tenants will be able to be derived by several aspects. The campaign of 2010 Income Tax Return is about to begin and the main novelty this year is the interest on the part of the Inland Revenue, the burgeoning of the 'rents in black. " According to recent data Gestha, more than half of vacation in Spain, 55.4%, not reported, the owners of about one million homes are exposed to a fine, despite having a rented flat also apparent. During
Last year, the agency will require utilities to provide data on consumption of buildings, as well as the identities of the owners of the supply contract, the cadastral reference and their location. The aim, thus, emerge 3,000 million euros.
However, renting a home has advantages because you can deduct for several items, including the age of their tenants, but from 2011 there are changes in the age limit, which does not affect contracts prior to 1 January 2011. The following expenses are deductible:
- Interest and financing costs (writing, recording, mortgage interest, etc.). incurred in the acquisition of the property are subject to abatement for the landlord.
- Interest and financing costs of the equipment transferred to the home and the furniture.
- state taxes and fees that impact on housing in the IBI, the fee for cleaning, refuse collection and street lighting, and also the community charge.
- expenses for the completion of the lease.
- expenses to defend legal character of the house and its performance.
- maintenance and repair costs.
- services and supplies costs.
- Amortization of property and goods containing (about 3% building value by wear it).
- administrative expenses, security, janitorial and other services related to the farm.
- premiums from insurance contracts of the house.
In total, general reduction is 50% and can be applied to all the property leased for residence. However, can achieve 100% reduction if you rent to people between 18 and 35 years with a net income from employment exceeding EUR 7455.14 , amount of public income indicator of multiple effects for 2010 (IPREM)
CHANGES FOR 2011
For 2011, changes as compared to the age of the tenant.
First, the deduction for state rental residence has been changed to conform with deduction for house purchase.
Thus, a tenant who has a lower tax base to 24,170.20 per year, you can deduct 10.05% in the state section of the tax.
The base maximum deduction per year will 9040, when the tax base is equal to or less than 17,707.20 per year.
also owners who rent a property for housing can be applied to performance a net reduction from January 1, 2011, is 60% (whereas until then was only 50%).
If
hire young, the reduction goes up to 100% , which in practice means it is not taxed on the rent received. To qualify for this reduction the tenant must be 18 to 30 years (the year you met, the reduction is less proportional to the number of days when I still had 29 years). The maximum age for a reduction has been reduced from 35 years to 30 , but may continue up to age 35 for contracts concluded before January 1, 2011.
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