-- Andalucía Realty agency, based in Marbella and Estepona, have released a report on reducing the costs incurred in annual tax returns for landlords who rent property in the south of Spain, forecasting profit for those interested in rental investment opportunities.
More information is available at https://andaluciarealty.com/en
The released report details how landlords can reduce their IRPF (Impuesto sobre la Renta de las Personas Físicas, or income tax in English) by 60%, by avoiding rental mistakes that incur higher taxes under Spanish property law.
Andalucía Realty’s report explains that the net return on the investment is calculated by deducting all the property expenses from the rental income. These costs can be deducted from a landlords annual income tax, permitting that the rented property is used as a private dwelling and not rented as an office or business.
Additionally, the report explains that the employment status of the landlord is taken into consideration by Spanish authorities when calculating their income tax, highlighting how investment opportunities in the area can be optimised through careful planning and consideration.
The report affirms that property rental and investment opportunities in Marbella, Estepona, and the surrounding areas are profitable, especially when the total return on an investment is maximized through this tax reduction.
The report discusses the booming rental market in the area, estimating close to a 10% rate of return on holiday rental properties, making it an interesting economic opportunity.
The agency, established in 1996, specialises in the Marbella, Estepona, Mijas, and Benahavis property market. Andalucía Realty offer a range of investment opportunities in these areas, from apartments and townhouses on the beach, to golf villas, new development properties and penthouses.
They have an extensive network of agents who ensure quality in their properties. Alongside their experience, they give advice on obtaining foreign residency permits in Spain and detail the costs of buying and selling property in the Costa del Sol.
A spokesperson for Andalucía Realty said “We will take good care of you throughout the entire process, from making your initial travel plans to viewing your property, through to completing the sale and beyond, making sure you are very well assisted at all times.”
More information on prices and contact details can be found at the URL above, in addition to calling +34-952-81-47-67.
Release ID: 88969755