Landlords in Spain can deduct depreciation on rental properties as a key expense in their tax report (IRPF if resident tax payer or IRNR if non resident tax payer via Modelo 210), reducing taxable rental income. The Spanish Tax Agency allows up to 3% annually on the higher of the acquisition cost (excluding land value) … Continue reading Deducting Property Depreciation in your taxes
Obra Nueva: guide to buying new build properties
If you are considering buying property in Spain, one option that may pique your interest is "Obra Nueva" or new build properties. This post is about buying new build properties in Spain, shedding light on the differences compared to existing properties. Understanding Obra Nueva:When we talk about Obra Nueva, we refer to brand-new properties that … Continue reading Obra Nueva: guide to buying new build properties
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