Taxable allowances
May 5th 2016 | 7:02 am
#1
Thread Starter
Forum Regular
Joined: Jul 2015
Posts: 53
Taxable allowances
Hi all,
Can anyone advise whether such things as an hipoteca payment or an alimony payment are tax deductable in Spain.
Thanks for any help here
Cheers
Can anyone advise whether such things as an hipoteca payment or an alimony payment are tax deductable in Spain.
Thanks for any help here
Cheers
May 5th 2016 | 8:06 pm
#2
Joined: Jun 2006
Posts: 11,231
From: Granada Costa
Re: Taxable allowances
Mortgage payments are no longer deductible for the purchase of your home, but they are an allowable expense against income from a property bought specifically to let long term.
Alimony payments under a court order to a former spouse are deductible, but child maintenance payments are not.
Alimony payments under a court order to a former spouse are deductible, but child maintenance payments are not.
May 5th 2016 | 9:45 pm
#3
Retired and loving it!
Joined: Sep 2007
Posts: 5,210
From: Ontinyent - Valencia region (campo)
Re: Taxable allowances
Mortgage payments are no longer deductible for the purchase of your home, but they are an allowable expense against income from a property bought specifically to let long term.
Alimony payments under a court order to a former spouse are deductible, but child maintenance payments are not.
Alimony payments under a court order to a former spouse are deductible, but child maintenance payments are not.
May 5th 2016 | 9:56 pm
#4
Joined: Jun 2006
Posts: 11,231
From: Granada Costa
Re: Taxable allowances
Mortgages running before they changed the rules can still be deducted. It's not just the interest, the entire capital payment is deductible up to 9k per annum.
Last edited by Fred James; May 5th 2016 at 9:59 pm.
