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

Example

The taxpayer owns 100% of a property acquired for consideration on 01/01/2003 for 140,000 euros. The expenses and taxes paid on the acquisition are 10,000 euros.

On 01/01/2015, the property is rented to "A" with Tax ID: XXX and "B" with Tax ID number: YYY. The rent expires on 30 June 2019. The income is 800 euros per month and the lessor has the right to a reduction of 60%. The taxpayer has pending the application of repair expenses of 2018 euros for 1,000 euros.

The IBI bill for €600 includes the following details: Cadastral value of the construction 80,000 euros, land registry value of the land 20,000 euros.

Community expenses amount to 30 euros per month.

On 1 July 2019, it signed a new contract with a Tax ID number: "ZZZ." The contract's execution costs are 180 euros. The income is 900 euros per month. The taxpayer cannot benefit from the 60% reduction.

Completion

The taxpayer will add the property that has been rented and mark the lease box as it is the only use that the property had in 2019.

Since leases with the right to reduction (Type 1) are in place and without the right to the rate reduction (2), 2 leases must be registered.

The data acquisition of the Lease held on 1/1/2015, which expires on 30/06/2019 and which will be Lease 1 of 1, is as follows:

In the Lease Details window, the following will be entered:
- The total number of days in which the property was leased 365 (181 days from 1 January to 30 June) + (184 days from 1 July to 31 December).
- Type of lease: Type 1 would be selected
- Contract date: 01/01/2015
- Tenant's Tax ID: "XXX" and "YYY"

For this contract concluded in 2015 with the lessee "A" and "B" the income generated by this rent and the expenses associated with it will be entered.

Income: (800 * 6) = 4,800 Euros
Repair and conservation costs and interest and other financing expenses from 2015 to 2018. Amount pending deduction of 2018: 1,000 Euros (remember that this box is unique for the property, so the program will pro rata this amount among all the leases of that property)
Taxes, surcharge and fees: (50 * 6) = 300 Euros of the IBI
Community expenses: (30 * 6) = 180 Euros
Depreciation: In this case, the program calculates it for this purpose, it must reflect the following data:
- Type of acquisition: Onerous
- Purchase date: 01/01/2003
- Number of days of the lease contract in 2019: 181 Days (from January 1 to June 30)
- Cadastral value: 100,000 Euros
- Cadastral value of the construction: 80,00 Euros
- Acquisition amount: 140,000 Euros
- Expenses and taxes inherent to construction: 10,000 euros

The data collection of the Lease held on 1/7/2019 will be as follows:

Click on "Register Lease" to reflect all the data related to that contract. The program will indicate that it is Lease 2 of 2.

In the Lease Details window, the following will be entered:
- Number of total days in which the property was leased (the program will transfer the data collected in the other lease) 365 days (181 days from 1 January to 30 June and 184 days from 1 July to 31 December).
- Type of lease: Type 2 would be selected
- Contract date: For Type 2 leases, it is not necessary to complete them
- Tenant's Tax ID: For Type 2 leases, it is not necessary to complete them

For this contract concluded in 2019 with the lessee "C" the income generated by this rent and the expenses associated with it will be entered.

Income: (900 * 6) = 5,400 Euros
Repair and conservation costs and interest and other financing expenses from 2015 to 2018. Amount pending deduction for 2018 is calculated by the program (since it is a single box for property, the program will pro rata the amount of the 1,000 euros outstanding between all the leases of that property)
Taxes, surcharge and fees: (50 * 6) = 300 Euros of the IBI
Community expenses: (30 * 6) = 180 Euros
Contract execution costs: 180 Euros
Depreciation: You will only have to fill in the number of days of the contract, the rest of the details are transferred by the program.
- Type of acquisition: Onerous
- Purchase date: 01/01/2003
- Number of days of the lease contract in 2019: 184 Days (from July 1 to December 31)
- Cadastral value: 100,000 Euros
- Cadastral value of the construction: 80,00 Euros
- Acquisition amount: 140,000 Euros
- Expenses and taxes inherent to construction: 10,000 euros

Example

The taxpayer owns 100% of a house acquired for a consideration on 01/12/2019 for 120,000 euros. The expenses and taxes paid on the acquisition are 6,000 euros. During 2019 he rented the house to:

The tenant "A" 15 days

The leaseholder "B" 7 days

The "C" FILE 4

Tenant "D" 5 days

The rental price is 80 euros per day. The amount of the insurance premium is 840 euros a year. The IBI bill amounts to 900 euros a year. The cathodal value of the construction is 80,000 euros and the value of the land is 20,000 euros.

The taxpayer will add the property that has been rented and mark the lease box as it is the only use that the property had in 2019. In this case, it is not necessary to register a lease for each of the times that the property was rented.

The lease type window will include:

The total number of days on which the property was leased: 31 (15 + 7 + 4 + 5)
Type of lease: Type 2 would be selected
Contract date: In the case of Type 2 leases, it is not necessary to complete them
Tenant's Tax ID: In the case of Type 2 leases, it is not necessary to complete them

Income: (15 + 7 + 4 + 5) * 80 = 2,480
Insurance premium: 840 * (31/365) = 71.34
Taxes, surcharge and fees: 900 * (31/365) = 76.44
Depreciation: In this case, the program calculates it; To do so, it must reflect the following details:
- Type of acquisition: Onerous
- Purchase date: 01/12/2019
- Number of days of the lease contract in 2019: 31 Days
- Cadastral value: 100,000 Euros
- Cadastral value of the construction: 80,00 Euros
- Acquisition amount: 120,000 Euros
- Expenses and taxes inherent to construction 6,000 euros