Deductions on income from holiday rental

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This topic contains 3 replies, has 3 voices, and was last updated by  Ulf Norberg 2 years, 1 month ago.

  • Author
  • #198450



    We have a property in Almeria which we let out during the summer months. Most of our income is in the months of July,August, September – but we do a lot of the ‘sprucing up’ in the winter. We are aware that the Spanish tax year goes from Jan – Dec and we need to declare any income quarterly.

    My question – can we deduct expenses accrued in Jan from the income in June… can we carry over our expenses from one quarter to the next.

    Many Thanks



  • #198867


    Yes, income tax declaration is part of the annual return so the whole year is taken into calculations

  • #198909

    Ulf Norberg


    I would suggest that you ask this question to your solicitor!

    I am not so sure that you have got the correct answer here, and there are many different opionions in this matter

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