60 % off your spanish income tax sixty percent,not 10, 6 zero yes and 5 dozen too !!!!!!!!!!!!!!!

Posted: Thu Jul 15, 2021 1:45am

3 replies164 views6 members subscribed

Posts: 19

8 helpful points

Location: Denia

Joined: 29 Jun 2021

I know how to pay 60 percent less income tax in Spain and so should you, if you own a uk property and it has full time tenants and you can prove it by having a rental contract and bank statements to prove that the rent is paid to you then any bills for repairs to your home, any insurances ie house insurance and if you pay the tenants council tax etc can be deducted from your nett income,check it out also replacement boiler gas saftey checks, yearly electrical safety checks,I saved by simply using a computer and asked the question 60 % tax reduction for uk homeowners resident in spain,good luck.

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Posted: Thu Jul 15, 2021 9:23pm

Kimmy11

Legendary helpful member

Posts: 6870

12564 helpful points

Location: Formentera Del Segura

Joined: 8 Aug 2017

Posted: Thu Jul 15, 2021 9:23pm

Hi apache999,

Anyone using a professional tax advisor should already be achieving these savings, although I´d be far less confident for those who use gestors to do their Spanish tax returns.

It´s quite an eye-opener comparing the allowances in each tax regime. When I completed this year´s self assessment in the UK, I couldn´t claim for a new front door, as HMRC deem that as "improvements" rather than "repairs", so I was surprised to hear from Abaco, our tax advisors in Spain, that it is acceptable to claim for this under Agencia Tributaria rules.

Kind regards,

Kim

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Posted: Fri Jul 16, 2021 11:54am

Alba102

Posts: 50

48 helpful points

Location: Formentera Del Segura

Joined: 2 Sep 2016

Posted: Fri Jul 16, 2021 11:54am

Kimmy11 wrote on Thu Jul 15, 2021 9:23pm:
Hi apache999,
Anyone using a professional tax advisor should already be achieving these savings, although I´d be far less confident for those who use gestors to do their Spanish tax returns.

Read more...

It´s quite an eye-opener comparing the allowances in each tax regime. When I completed this year´s self assessment in the UK, I couldn´t claim for a new front door, as HMRC deem that as "improvements" rather than "repairs", so I was surprised to hear from Abaco, our tax advisors in Spain, that it is acceptable to claim for this under Agencia Tributaria rules.
Kind regards,
Kim

Hi Kim,

If your old front door was replaced due to being damaged, you may be able to make a claim to your insurance company if you have landlord/landlady/person protection.

If the damage occurred as part of an "Insured Event" which is the terminology used by insurance industry, you may be successful.

An Insured Event is something that is covered by your plan.

Hope this helps in some small way.

Regards,

Donald

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Posted: Fri Jul 16, 2021 1:54pm

Kimmy11

Legendary helpful member

Posts: 6870

12564 helpful points

Location: Formentera Del Segura

Joined: 8 Aug 2017

Posted: Fri Jul 16, 2021 1:54pm

Alba102 wrote on Fri Jul 16, 2021 11:54am:
Hi Kim,
If your old front door was replaced due to being damaged, you may be able to make a claim to your insurance company if you have landlord/landlady/person protection.

Read more...

If the damage occurred as part of an "Insured Event" which is the terminology used by insurance industry, you may be successful.
An Insured Event is something that is covered by your plan.
Hope this helps in some small way.
Regards,
Donald

Thanks Donald, but the door wasn't damaged, I just wanted a smart, new one 😄

I knew it wouldn't be allowable on my UK self-assessment tax return, but was surprised to hear that it was allowable on my Spanish tax return.

Kind regards,

Kim