One of the deductions that can be helping us in
order to reduce a Little bit the Annual Income tax to pay is the Rental
deduction for the payments we made on the usual living house.
The taxpayers whose taxable income is less than 24,107.20 per year may be deducted 10.05% of the amounts paid during the tax period by renting their usual living home (principal residence). The maximum basis of this deduction will be . :
-When the taxable amount is equal to or less than 17,707.20 per year: 9,040 euros per year
-When the taxable amount is between 17,707.20 and 24,107.20 per year: 9,040 euros less the result of multiplying 1.4125 by the difference between taxable income and 17,707.20 per year ".
The deduction for ordinary rental properties can be applied by tenants who have rented the house to reside on a regular basis , with the requirement that the taxable equals 24,107.20 per year .
The basis of the usual deductions for rental housing is constituted by the total amount paid to the landlord for the rent of your principal residence (sum of monthly installments ) .
The amounts that exceed the limit established by law shall not be deducted . They may not be deducted from the rent amounts on additional charges payable by the tenant , due to the agreement with the landlord .
An important detail to bear in mind is that the requirement for a house to be considered principal residence is that you must be living there at least for 3 years, so in case you are deducing any amount and before that time are moving into a new address, the tax office will be requiring you to payback the amounts deducted wrongly.
The taxpayers whose taxable income is less than 24,107.20 per year may be deducted 10.05% of the amounts paid during the tax period by renting their usual living home (principal residence). The maximum basis of this deduction will be . :
-When the taxable amount is equal to or less than 17,707.20 per year: 9,040 euros per year
-When the taxable amount is between 17,707.20 and 24,107.20 per year: 9,040 euros less the result of multiplying 1.4125 by the difference between taxable income and 17,707.20 per year ".
The deduction for ordinary rental properties can be applied by tenants who have rented the house to reside on a regular basis , with the requirement that the taxable equals 24,107.20 per year .
The basis of the usual deductions for rental housing is constituted by the total amount paid to the landlord for the rent of your principal residence (sum of monthly installments ) .
The amounts that exceed the limit established by law shall not be deducted . They may not be deducted from the rent amounts on additional charges payable by the tenant , due to the agreement with the landlord .
An important detail to bear in mind is that the requirement for a house to be considered principal residence is that you must be living there at least for 3 years, so in case you are deducing any amount and before that time are moving into a new address, the tax office will be requiring you to payback the amounts deducted wrongly.
The Comunidad Valenciana region has also this
reduction which is compatible with the one of state deduction for the same
concept but has some different requirements.
Visit VP ADVISERS for
further information on this or others deductions
for the Annual Income Tax.
for the Annual Income Tax.
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