Renta 2017 and Patrimonio Tax Returns – Income and Wealth Tax

One more year the time has come to prepare your Annual Income Tax and Wealth Tax returns in Spain.

Thideclaración-renta-2017-Tacs4Expatss year, the last day to complete the submission if you want to pay by direct debit would be the 26th June and the last day to pay, the 2nd July, because the 30th June is a Saturday.

In case you wanted to pay in two instalments, then it would be paid 60% on the 2nd July and 40% on the 5th November. Remember that using this way, there is no interest charged and it is quite beneficial in case the amount of tax to pay is considerable.

Please take note the Tax Office has started investigating Rental Income and the expenses included to reduce the profit so you need to make sure you have all the invoices in your name and the address of the property on it. Also, if you pay any Tax at source, make sure the return is completed by a qualified profesional as there have been problems quite difficult to sort out and we have received a few clients who had to pay important amounts of money for not having received the proper advice. Obviously, we are trying to sort it out for all of them but we had to appeal to the Court and recently, we havestarted receiving positive responses.

If you want to book an appointment, please, do not hesitate to contact us by email at info@tacs4expats.es or on the telephone 965 705 502.

We would be visiting clients this year in Jávea, Altea, Benijófar, Mazarrón, Mojácar and Almería city so, if you need a meeting check availability with our main office on the telephone indicated before.

2 Comments

  1. I am a UK citizen and will get Residencia in Spain in July 2020. I have 2 properties in the uk, both rented out. I am renting in Orihuela Costa, and I do not want to buy a property here.

    I also own a small uk company which is not taking income this year due to Covid-19. I’m not sure whether i will continue to work because I get my UK state pension in September 2020.

    I understand I will be tax resident of Spain from January 2021 and want to know how to prepare. I also want to find a tax specialist who understands the systems and laws in both Spain and the UK.

    Can you help me with these things?

    Reply
  2. Hola Manuel
    You have been recommended to us by friends as we have properties in the UK which are rented and unsure about the best way to pay the taxes. We had to pay charges here last year when going through the Spanish system but our friends who payed in the UK didn’t pay anything. So we would like to have a meeting with you for advice please.

    Kind regards
    Michele Davis

    Reply

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