The imputation of income to personal income tax (IRPF) for properties that are not the owner’s habitual residence refers to the concept of taxing the mere ownership of a property that is neither rented nor the owner’s habitual residence. According to Spanish tax legislation, these properties are considered to be a source of imputed income,
It is clear that the rental of a property must be declared because it implies a capital gain, but what happens with the properties owned by a taxpayer that are empty or not rented? Do they also have to pay Personal Income Tax (IRPF)?
Any worker, self-employed or employed, retired person and, in short, any person who, as a tax resident* in Spain, has received income of any kind during the calendar year 2024, must go through this procedure, as long as they comply with certain scales shown below.
Failing to comply with a formality will bring a monetary penalty. Being familiar with most common types of infractions can help the ‘autonomo’ to avoid them.
Since January 2019, a new IVA rate of 10% applies to invoices issued by performers, directors or technicians involved in the “show business.”Learn the requisites here.
Tax technicians belonging to the Hacienda have recently released a report in which they express suspicion for self-employed persons (Autonomos) who report earnings of less than 12,000€ per year. What can this mean for you?
Limit Consulting