Spence Clarke

𝗛𝗔𝗡𝗗𝗟𝗜𝗡𝗚 𝗧𝗛𝗘 𝗜𝗡𝗖𝗢𝗠𝗘 𝗧𝗔𝗫 𝗗𝗘𝗖𝗟𝗔𝗥𝗔𝗧𝗜𝗢𝗡 𝗙𝗢𝗥 𝗧𝗛𝗘 𝗗𝗘𝗖𝗘𝗔𝗦𝗘𝗗.

When someone passes away, it's the beneficiary's duty to file the deceased’s income tax declaration.

For refunds below 2.000€: Submit your M100 declaration together with form H-100 and these documents: Death certificate, certificate of Last Will (acta de últimas voluntades), the Will, the "libro de familia" (Family book), bank certificate for the refund account. If multiple beneficiaries exist, a letter of consent from others is needed.

For refunds above €2,000, the same documents plus the inheritance tax declaration.
By following these guidelines, beneficiaries can ensure the deceased's tax obligations are met and refunds are processed correctly

spenceclarke.com
𝘛𝘢𝘹 | 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘴 | 𝘓𝘢𝘸 | 𝘓𝘢𝘣𝘰𝘶𝘳

𝗧𝗛𝗘 𝗦𝗔𝗟𝗘 𝗢𝗙 𝗔 𝗣𝗥𝗘𝗩𝗜𝗢𝗨𝗦𝗟𝗬 𝗥𝗘𝗡𝗧𝗘𝗗 𝗣𝗥𝗢𝗣𝗘𝗥𝗧𝗬

When paying income tax on your net rental income (rental income minus costs), you must include property depreciation as an additional cost. Depreciation is calculated by applying 3% to the higher of the purchase value or the valor catastral (only the construction part, excluding land value).

When selling this property, consider these depreciations. The capital gains calculation is:
(Sale price- related sale costs)−(purchase price+related purchase costs−depreciation for all rental years).

spenceclarke.com
𝘛𝘢𝘹 | 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘴 | 𝘓𝘢𝘸 | 𝘓𝘢𝘣𝘰𝘶𝘳

𝗘𝗟𝗘𝗖𝗧𝗥𝗢𝗡𝗜𝗖 𝗗𝗘𝗘𝗗𝗦 𝗨𝗣𝗗𝗔𝗧𝗘⁣
⁣
You can now sign deeds via video conference with a notary through the "Portal Notarial del Ciudadano." Here's how:⁣
1. Register on the "Portal Notarial del Ciudadano" using your digital certificate.⁣
2. Select a notary and schedule an appointment.⁣
3. Complete security steps before the video conference.⁣
4. Sign the deed during the video conference.⁣
5. Receive a CSV code (secure validation code) to access a copy of the signed deed in your personal area of the portal.⁣
No need to visit a notary in person anymore! ⁣
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𝘀𝗽𝗲𝗻𝗰𝗲𝗰𝗹𝗮𝗿𝗸𝗲.𝗰𝗼𝗺⁣
𝘛𝘢𝘹 | 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘴 | 𝘓𝘢𝘸 | 𝘓𝘢𝘣𝘰𝘶𝘳⁣