Puerto Pollensa Travel Guide
Before You Go
Package Holidays
Latest Special Offers!
All-Inclusive Hotels
Hotels & Aparthotels
Private Villas/Apts to Rent
Villa Companies
Local Rental Agents
Car Hire
Airport Transfers & Taxis
Travel Insurance
Late Deals!
Holiday Shopping
Background Info
Events & Fiestas
Climate & Weather
Art & Culture
Flora & Fauna
Discussion Forum
Once You're There
Airport Directions
Tourist Information
Eating Out
Buses & Trains
Music & Entertainment
Excursions & Days Out
Shopping & Markets
Walking, Cycling
Boat Charters
Market Place
Boats & Yachts
Property For Sale
Businesses For Sale
Property Services
Local Services
MouseMats & T-shirts
Internet Services
Virus Protection
PuertoPollensa.com discussion forums

Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

LinkBack Thread Tools Display Modes
Old 05-09-2014, 18:26
Join Date: May 2014
Location: Pollenša, Mallorca
Posts: 27
Default Tax reforms affecting rental income

Good afternoon,

Our Law Firm is keen on informing you that the Spanish government has proposed some fiscal reforms which can imply an important change just in case they are finally approved.

Maybe they have effect from 2015 but we would like to insist, they are only proposals. They are not applicable at the current moment at all.

They are the following:

- The VAT rate on new builds would be raised to 10% (now is 4%).

- The current tax reduction for purchasing a new build would not exist anymore.

- Taxpayers over 65 years old would not be liable to capital gains tax on any assets.

- The tax exemption applicable nowadays to landlords would be reduced.

If the tenant is older than 30, the current exemption of 60% would be reduced until 50%.

However, if the tenant is younger tan 30, the percentage would change from 100% to 50%. As you could see, a drastic change.

- Inflation relief for properties bought before 1994 would dissapear.

ILLESLEX expects that you had considered this information interesting.

Should you have any question, do not hesitate to contact us: info@illeslex.com

Best regards,
Committed to the Satisfaction of our Clients -
Illeslex Abogados
Reply With Quote
Sponsored Links


proposals , spanish government , tax. reforms

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are Off
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Income tax hoopy Living & Working in the Pollensa Area 4 03-07-2014 10:14
UK Income Lorraine Living & Working in the Pollensa Area 1 25-08-2013 14:05
Income Tax Michael Living & Working in the Pollensa Area 5 22-04-2012 13:39
Income Tax for non residents coleyanne Living & Working in the Pollensa Area 10 03-06-2009 15:42
Advert Blockers affecting Villa Ads pollensa Administration 0 15-02-2003 00:22

All times are GMT +1. The time now is 03:12.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
(c) Copyright Holiday Webs Ltd 2011