Go Back  British Expats > Living & Moving Abroad > Europe > Spain
Reload this Page >

Spanish Property Tax insights please

Spanish Property Tax insights please

Old Jun 25th 2019, 3:13 pm
  #1  
Just Joined
Thread Starter
 
PurplePanama's Avatar
 
Joined: Jun 2019
Posts: 2
PurplePanama is an unknown quantity at this point
Default Spanish Property Tax insights please

Hello all, i'd appreciate any insight members can give to a forum newbie and UK resident with an apartment in Spain on property taxation rules concerning Furnished Holiday Lets (FHL)

In the UK, the HMRC accept the principal of Capital Allowances . Does such a concept exist in Spain either as part of quarterly returns or at the time of property sale? I am thinking specifically of fixtures resident at the time of property purchase which are effectively deductible against earnings in the UK.

Many thanks in advance
PurplePanama is offline  
Old Jun 25th 2019, 5:26 pm
  #2  
BE Forum Addict
 
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,143
spainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond reputespainrico has a reputation beyond repute
Default Re: Spanish Property Tax insights please

Maybe this helps:

https://www.pellicerheredia.com/en/h...d-its-taxation
spainrico is offline  
Old Jun 26th 2019, 8:59 am
  #3  
Just Joined
Thread Starter
 
PurplePanama's Avatar
 
Joined: Jun 2019
Posts: 2
PurplePanama is an unknown quantity at this point
Default Re: Spanish Property Tax insights please

Hi Rob, very useful and thank you but sadly not on the topic of whether the UK principle of Capital Allowances exists in Spain.

Cheers anyway.
PurplePanama is offline  
Old Jun 26th 2019, 4:13 pm
  #4  
BE Forum Addict
 
Loafing Along's Avatar
 
Joined: Jan 2016
Posts: 2,320
Loafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond reputeLoafing Along has a reputation beyond repute
Default Re: Spanish Property Tax insights please

Originally Posted by PurplePanama
Hi Rob, very useful and thank you but sadly not on the topic of whether the UK principle of Capital Allowances exists in Spain.

Cheers anyway.
I believe you are entitled to claim 3% capital depreciation on the value of the property , not the contents ,but only during the time the property is rented . Allowances very similar to normal long term letting - Community Fees, mortgage interest, local taxes ( IBI & Basura ) , property insurance . Also agency fees.
When not rented out allowances change as the property is classified as a second home.

All this assuming the property is correctly registered as a holiday let.
Loafing Along is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.