I read an article in the local newspaper that people who rent in Spain and are on a low income can claim back a percentage of their rent and expenses. Does this apply to someone like myself who is a pensioner with just an english state pension as income.
thanks
Nov 26, 2010 · ROB1305
I think what it means is that you can make a claim against tax - so when you do your Spanish tax return this can offset the amount of tax payable.
Whether this results in an actual credit back I am not sure - but it is possible. Take professional advice.
this from here http://www.advoco.es/most-requested-services/41-spanish-income-tax-2010.html
Housing deductions
Unlike the UK which did away with MIRAS (tax relief on your mortgage) years ago, Spain has some generous deductions for housing costs, although the authorities are threatening to water them down. The main ones are:
- the cost of buying, renovating or extending your main residence
- the costs of financing your house (mortgage)
- rent of your main residence but only if you earn less than 24.020?
The amount of the deduction can be a fairly complicated calculation but in general a maximum of 9.015? mortgage costs can be offset against income at a rate of 15% and a similar amount of rent at 10.05%. Each autonomous community can add other deductions (e.g. Andalucia allows under 35 year olds to claim more for their rent than the national allowance)
Whether this results in an actual credit back I am not sure - but it is possible. Take professional advice.
this from here http://www.advoco.es/most-requested-services/41-spanish-income-tax-2010.html
Housing deductions
Unlike the UK which did away with MIRAS (tax relief on your mortgage) years ago, Spain has some generous deductions for housing costs, although the authorities are threatening to water them down. The main ones are:
- the cost of buying, renovating or extending your main residence
- the costs of financing your house (mortgage)
- rent of your main residence but only if you earn less than 24.020?
The amount of the deduction can be a fairly complicated calculation but in general a maximum of 9.015? mortgage costs can be offset against income at a rate of 15% and a similar amount of rent at 10.05%. Each autonomous community can add other deductions (e.g. Andalucia allows under 35 year olds to claim more for their rent than the national allowance)