Yes, another tax question
#1
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
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
#2
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Joined: May 2019
Posts: 640











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
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
#4
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Joined: Aug 2009
Posts: 3,669
From: Costa Blanca











#6
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Joined: Aug 2009
Posts: 3,669
From: Costa Blanca











Yes, a licence is now required, I think the rules vary between regions
more here https://expatsmagazine.org/recommend...ist-apartment/
more here https://expatsmagazine.org/recommend...ist-apartment/
#7
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.
#8
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Joined: Jan 2017
Posts: 1,171
From: Dubai UK Spain











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
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
#9
Can you give me the details of your tax guy and what they charge you.
#10
Yes, a licence is now required, I think the rules vary between regions
more here https://expatsmagazine.org/recommend...ist-apartment/
more here https://expatsmagazine.org/recommend...ist-apartment/




