Dear Reader,
I read a few days ago that rental costs could be used to reduce taxes in the Autonome Regio of Valencia.
My tax agent denied.
I pay now a few years tax here.
Does anybody know about this matter?
Ronald
Dear Reader,
I read a few days ago that rental costs could be used to reduce taxes in the Autonome Regio of Valencia.
My tax agent denied.
I pay now a few years tax here.
Does anybody know about this matter?
Ronald
Posted: Sat Sep 24, 2022 10:05pm
Super helpful member
Rental costs are tax deductible for your one and only permanent residence. It does not affect in any way holiday homes.
killjoy wrote on Sat Sep 24, 2022 10:05pm:
Rental costs are tax deductible for your one and only permanent residence. It does not affect in any way holiday homes.
Thanks. Should you be living alone to get the possibillity to deduct or is it also possible to deduct if you live as a couple with both an income? Ronald
ronjohan wrote on Sun Sep 25, 2022 9:30am:
Thanks. Should you be living alone to get the possibillity to deduct or is it also possible to deduct if you live as a couple with both an income? Ronald
I've rented for 8 years and my accountant says that rental costs are not tax deductible.
It it dependable on your income?
Has he been wrong all these years?
Steve
tebo53 wrote on Sun Sep 25, 2022 9:37am:
I've rented for 8 years and my accountant says that rental costs are not tax deductible.
It it dependable on your income?
Read more...
Has he been wrong all these years?
Steve
Well I was asking myself the same question! So now I would like to go the bottom of it! Ronald
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ronjohan wrote on Sun Sep 25, 2022 11:25am:
Well I was asking myself the same question! So now I would like to go the bottom of it! Ronald
Hello ,
Does anybodxy know the tax law article in which is stated that (15 percent ?)of homerents is deductible?
Or does anybody has an accountant that can supply us with such an article?
ronald
ronjohan wrote on Sun Sep 25, 2022 11:28am:
Hello ,
Does anybodxy know the tax law article in which is stated that (15 percent ?)of homerents is deductible?
Read more...
Or does anybody has an accountant that can supply us with such an article?
ronald
And a link to a fully reliable source and not just hearsay..........please
Steve
killjoy wrote on Sat Sep 24, 2022 10:05pm:
Rental costs are tax deductible for your one and only permanent residence. It does not affect in any way holiday homes.
Hello Killroy,
Very interesting news about the deductibility of rent. Could you please give some more information about this subject. Maybe the source of it? Or the name and website, emailadress of your accountant. Because in THAT case I will become his customer and I would quit my accountant!
Hope to hear from you!
Ronald
killjoy wrote on Sat Sep 24, 2022 10:05pm:
Rental costs are tax deductible for your one and only permanent residence. It does not affect in any way holiday homes.
Source of information for tax deduction on rent paid please
steve
Posted: Sun Sep 25, 2022 8:38pm
Helpful member
Attached is the bit from my better half's declaration for 2019 that shows both the state and community deduction.
(You don't know what I had to go through to get this info so be nice...)
This is what you need to check to see if it still valid:
Renters who pay tax get a deduction on their declaration for a rent contract of at least one year.
If your rent contract is dated before 1 January 2015 you get a state discount
If your rent contract is dated after 23 April 1998 you get the Valencian discount
Please post whatever you find out so we all know...
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