Information necessary, and to be taken into account, for the declaration of income and expenses from rental properties<\/p>"},"content":{"rendered":"
To be taken into account...<\/strong> You must be clear that the total individualised income per property must be included:<\/p> It is necessary to take into account, in the case of rented properties, the start date and end date of the contract<\/strong> as well as the DNI\/NIE of the tenants. It is not necessary to include the DNI of all the tenants of the same contract, one is enough. Frequently asked questions: <\/strong> Please note... You must be clear that the total income must be included [...].<\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[30],"tags":[],"class_list":["post-3891","post","type-post","status-publish","format-standard","hentry","category-renta"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"trp-custom-language-flag":false},"uagb_author_info":{"display_name":"Jos\u00e9 A Avellaneda","author_link":"https:\/\/ecovisibiza.com\/en\/author\/josea\/"},"uagb_comment_info":6,"uagb_excerpt":"A tener en cuenta… Debes tener claro que se deben incluir el total de ingresos […]","_links":{"self":[{"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/posts\/3891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/comments?post=3891"}],"version-history":[{"count":1,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/posts\/3891\/revisions"}],"predecessor-version":[{"id":3892,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/posts\/3891\/revisions\/3892"}],"wp:attachment":[{"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/media?parent=3891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/categories?post=3891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecovisibiza.com\/en\/wp-json\/wp\/v2\/tags?post=3891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
In the case of leased property<\/strong> there are a number of deductible expenses. The most common and frequent ones are listed below:<\/p>\n
Is it a repair cost to replace a washing machine?<\/strong>
Replacing a broken washing machine is a repair cost. If the washing machine cost me 600?, you must include 600? as an expense.
Is installing an air conditioner for the first time deductible?<\/strong>
installing air conditioning for the first time is a improvement expenditure<\/strong>because it increases the value of the house. Because the improvement costs are often high, you can only deduct a part of it each year. Let's say it costs 2.000?, so the law allows you to include 10% each year. This means that in this year's tax return you will include \u00a3200, in the following year's tax return another \u00a3200, and so on until you reach \u00a32,000.
What is property depreciation?<\/strong>
Depreciation consists of including the loss in value of the property over the years as a rental expense. If we consider the IBI receipt data, the tax data from the Inland Revenue or access the Cadastre website, we will see that the cadastral value includes two values:
- Total cadastral value
- Cadastral value of the building
If we divide the cadastral value of the building by the total, we get the percentage of the house that corresponds to the building. For the depreciation, the cadastral value of the building is taken into account, leaving aside the cadastral value of the land, as land does not lose value.
Practical example:
Total cadastral value: 105.360?
Value of the construction: 42,670?
In this case, the cadastral value of the land will be 62.690? (105.360?-42.670?). If we divide 42.670? by 105.360?, we obtain that the percentage of our property that corresponds to the construction is 40,49%.
According to the Act, the depreciation expense is 3% of the higher of these two values:
- The cadastral value of the building (in the example 42.670?).
- The purchase value that corresponds to the construction. Calculating this is very simple: multiply the percentage of the property that corresponds to the construction (40,49%) by the purchase value plus the purchase costs. If for example our house cost us 250.000? and the purchase costs were 3.670?, the total purchase value was 253.670? which, multiplied by a 40,49%, gives 101.468?
As we can see, the purchase value of the house is always higher than the cadastral construction value.
In our case, we multiply the higher of the two, 101,468? by the 3%, and the depreciation we can apply is 3,044.04?<\/p><\/p>","protected":false},"excerpt":{"rendered":"