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Form 100. 2019 Personal Income Tax return

7,3,7,1. Lease

This section includes the properties that have been leased, leased or transferred to third parties in the financial year or when the owner has received returns for the constitution or transfer of rights or powers of use or enjoyment over the property (usufruct).

If the property has had other uses during the financial year, it must also be marked and reflected in the additional data requested.

Remember that only the identification details of the leased properties are transferred in the incorporation. The income and expenses must be filled in the tax return. To do this, click on "edit" the leased properties and enter the amounts in the "Additional information" section.

In the "Additional information" window, enter:

Lease details

  • The total number of days on which the property was leased in 2019.
  • Lease type: It will have to reflect key 1 (with a reduction of 60%) or 2 (without a reduction of 60%), depending on the case. If during the financial year you had several Type 1 lease contracts, or Type 1 leases and Type 2 leases, the program allows you to register a lease and enter all the details relating to it; Then, by clicking "Alta Arrendamiento" (Register Lease), you will register the other rent and enter all the details relating to it.
  • The lease contract date (if the contract date is prior to the acquisition date, the contract date shall be the date of acquisition), the NIF of the lessee (s), or, where applicable, the identification number in the country of residence, must be completed lease for leases with the right to a reduction of 60% (Type 1). For rentals for tourist or business premises, this information will not be required.

Full income and deductible expenses

For each property, the income derived from it and the amount of the expenses necessary to obtain these returns will be entered. However, when in the financial year the property has had, among other cases, leases with the right to a reduction of 60% and without right to the same, or several lease contracts with the right to a reduction of 60%, or leases to family members and other tenants of the family members, income and expenses must be individualized by contract.

The amounts outstanding for deducting 2015, 2016, 2017 and 2018 corresponding to repair and conservation expenses and interest and other financing expenses , if they do not have any overall income, regardless of the type of lease that the property has had in the financial year, as it is a single box for the property.

The total amount to be deducted for these expenses, together with those which for these same items have been incurred in the financial year, may not exceed, for each good or right, the amount of the full yields obtained. The calculation will be carried out by the program.

The information regarding the amounts pending application at the beginning of each financial year, those applied and those pending application in future financial years will be transferred by the programme to Annex C1 of the tax return.

In the case of repair and maintenance expenses for 2019, of contract execution, legal defence, of personal services accrued by third parties and for improvements, it is not necessary to show the NIF of those who carry out the works or provide the different services and also the date of completion of the improvements due to being voluntary data. If you choose to fill in these details, the information will be sent to Annex D of the tax return.

Family leases

You must enter YES or NO in the box established for this purpose.

In the event that the lessee of the property is the spouse or a relative, including the related party, up to the third degree inclusive, the total net yield may not be lower than that resulting from applying the rules of the Property Income section.

Therefore, in addition to recording the income and expenses, you must indicate the minimum income that can be calculated in this box, as set out in the previous paragraph.

If there are several tenants, sublevedents, buyers or assignees and not all are family members, they must register another lease by clicking on "high lease" in order to separately reflect the data relating to the incomes corresponding to family members and the rest.

  1. 7,3,7,1,1. Depreciation
  2. 7,3,7,1,2. Examples of completion