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Yes, another tax question

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Yes, another tax question

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Old Jan 20th 2023 | 8:44 am
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Default Yes, another tax question

Well more asking for confirmation really.

Brit, non-resident.

Owned my property nr Cadiz for 20 years.

Normally do the annual modelo 210 as I have never rented it out in the past.

This year will be renting it out for the first time - so my basic understanding is that I have to pay 24% on the gross with no deductibles and no tax-free allowance etc. Plus need to do 4 tax returns a year.

Have I missed any secret sauce? Is this really how bad it is?

TIA
 
Old Jan 20th 2023 | 8:57 am
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Default Re: Yes, another tax question

Originally Posted by Cape Blue
Well more asking for confirmation really.

Brit, non-resident.

Owned my property nr Cadiz for 20 years.

Normally do the annual modelo 210 as I have never rented it out in the past.

This year will be renting it out for the first time - so my basic understanding is that I have to pay 24% on the gross with no deductibles and no tax-free allowance etc. Plus need to do 4 tax returns a year.

Have I missed any secret sauce? Is this really how bad it is?

TIA
Do you not need a licence too?
 
Old Jan 20th 2023 | 9:36 am
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Default Re: Yes, another tax question

Originally Posted by Ronnyone
Do you not need a licence too?
Certainly for tourist rentals, I don't think (think) so for long-term.
 
Old Jan 20th 2023 | 8:34 pm
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Default Re: Yes, another tax question

Lots of useful info here - https://expatsmagazine.org/

See free guides and categories pages
 
Old Jan 20th 2023 | 10:58 pm
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Default Re: Yes, another tax question

Originally Posted by Ronnyone
Do you not need a licence too?

Only for short-term (tourist) rentals
 
Old Jan 20th 2023 | 11:26 pm
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Default Re: Yes, another tax question

Yes, a licence is now required, I think the rules vary between regions

more here https://expatsmagazine.org/recommend...ist-apartment/
 
Old Jan 26th 2023 | 1:19 pm
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Default Re: Yes, another tax question

Well, I've spoken to a Spanish tax person who has suggested that the tax authority turn a blind eye to the quarterly returns when it's a full-time rental (different form apparently) and accept once a year, so I'm going to roll with that rather than a ridiculous 4 times per year.
 
Old Jan 26th 2023 | 5:36 pm
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Default Re: Yes, another tax question

Originally Posted by Cape Blue
Well more asking for confirmation really.

Brit, non-resident.

Owned my property nr Cadiz for 20 years.

Normally do the annual modelo 210 as I have never rented it out in the past.

This year will be renting it out for the first time - so my basic understanding is that I have to pay 24% on the gross with no deductibles and no tax-free allowance etc. Plus need to do 4 tax returns a year.

Have I missed any secret sauce? Is this really how bad it is?

TIA
Exactly the same scenario as us. My tax guy now does ours 4 x per year and the tax goes out of the bank automatically, no hassle from our side at all, I dont touch anything. I didnt want to chance a fine by doing once a year.
 
Old Jan 29th 2023 | 2:18 pm
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Default Re: Yes, another tax question

Originally Posted by UKMS
Exactly the same scenario as us. My tax guy now does ours 4 x per year and the tax goes out of the bank automatically, no hassle from our side at all, I dont touch anything. I didnt want to chance a fine by doing once a year.
Can you give me the details of your tax guy and what they charge you.
 
Old Jan 29th 2023 | 8:11 pm
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Default Re: Yes, another tax question

Originally Posted by spainrico
Yes, a licence is now required, I think the rules vary between regions

more here https://expatsmagazine.org/recommend...ist-apartment/
ONLY for a short-term (tourist) rental surely?
 
Old Feb 1st 2023 | 9:29 pm
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Default Re: Yes, another tax question

Originally Posted by Cape Blue
Can you give me the details of your tax guy and what they charge you.
sent you PM
 
Old Feb 2nd 2023 | 2:22 pm
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Default Re: Yes, another tax question

Originally Posted by UKMS
sent you PM
Many thanks
 

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