Income tax deductibility for non-residents renting property in Spain will be abolished if that option is adopted by the EU!
In response to claims that Spain has engaged in discrimination against expats who rent their homes, the European Commission has opened an infringement procedure against the country. In the current circumstances, non-EU residents in Spain are unable to take advantage of the 60% tax reduction on rental income when they are renting a residence due to the relevant conditions imposed by the Income Tax for Non-residents (Impuesto sobre la Renta de los No Residentes or IRNR). Spanish taxpayers claim to be cheated by the fact that the tax return for rental income in Spain is actually a benefit they receive. qatar selling The member of the law firm Ático Jurídico, José María Salcedo, has assured us that this is a distinction that makes no sense and is unfair between Spanish residents and non-residents living in the country: Resident residents of Spain who receive income from renting out property in Spain are given a better tax treatment than non-residents who receive the same inco...