New Ruling for EU Residents
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Tuesday, 14 September 2010 18:22

Due to the EU Court jurisprudences in relation to the discriminatory treaty between Spanish residents and non residents a new battle has been won. 

 

Expenses directly linked to the Spanish property rental incomes are fully deductible tax-wise if the taxpayer is a resident in a EU country. Up to now the gross rental income was totally levied at 24%.

 

This measure can be applied retro actively from 1st of January 2.010.