Deductions on income from holiday rental

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Deductions on income from holiday rental

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    • #198450
      randolph
      Participant

      Hello,

      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…..ie can we carry over our expenses from one quarter to the next.

      Many Thanks

       

       

    • #198867
      mariadecastro
      Participant

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

    • #198909
      Ulf Norberg
      Participant

      Randolph….

      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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