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Form 100. Personal Income Tax Return 2021

Examples of completion

  1. Example

    The taxpayer owns 100% of a property acquired for valuable 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 NIF : XXX already "B" with NIF: YYY. The rent expired on June 30, 2021. The rent is 800 euros per month and the landlord has the right to a 60% reduction. The taxpayer has yet to apply repair costs for 2018 for 1,000 euros.

    The property tax receipt, which amounts to 600 euros, contains the following information: cadastral value of the building 80,000 euros, cadastral value of the land 20,000 euros.

    Community fees amount to 30 euros per month.

    On July 1, 2021, a new contract is signed with “C” with NIF: “ZZZ”. The contract formalization fees are 180 euros. The rent is 900 euros per month. The taxpayer cannot benefit from the 60% reduction.

    Completion

    The taxpayer will include the property that has been rented and will check the rental box as it was the only use that the property had in 2021.

    Since in the fiscal year you have leases with the right to reduction (Type 1) and without the right to reduction Type (2), you must register 2 leases.

    The data collection of the Lease signed on 1/1/2015 that expires on 06/30/2021 and that will be Lease 1 of 1 is as follows:

    In the Lease Data window, enter:

    • Lease Type: I would select Type 1

    • Total number of days the property was occupied: 365 (181 days from January 1 to June 30) + (184 days from July 1 to December 31)

    • Number of days duration of this lease in 2021: 181 days (from January 1 to June 30). The program will transfer this information to the "Depreciation of the main property and improvements" window.

    • Contract date: 01/01/2015 and the tenant's NIF: "XXX" and "YYY" (mandatory information as this is a Type 1 contract)

    • Income: (800*6) = 4,800 euros

    • Repair and maintenance costs and interest and other financing costs from 2017 to 2020. Amount pending deduction: 1,000 euros (remember that this box is unique per property, so the program will prorate this amount among all the leases of that property)

    • Taxes, surcharges and fees: (50*6)=300 euros of the IBI

    • Community fees: (30*6)= 180 euros

    • Amortization. Without prejudice to the fact that they may be modified by the taxpayer, in this case the data will already appear completed and the program will reflect the amount of the amortization in the corresponding box.

      • Type of acquisition: onerous

      • Purchase date: 01/01/2003

      • Number of days of duration of the lease in 2021: 181 days (from January 1 to June 30)

      • Cadastral value: 100,000 euros

      • Cadastral value of the construction: 80.00 euros

      • Purchase amount: 140,000 euros

      • Expenses and taxes inherent to construction: 10,000 euros

    The data collection of the Lease executed on 1/7/2021 will be as follows:

    Click “Add Lease” to reflect all the data related to that contract. The program will tell you that it is Lease 2 of 2.

    • Lease Type: Type 2 would be selected

    • Total number of days the property was rented in 2021 (the program will transfer the data collected in the other lease) 365 days (181 days from January 1 to June 30 and 184 days from July 1 to December 31)

    • Number of days duration of this lease in 2021: 184 days (from July 1 to December 31). The program transfers this data to the "Depreciation of the main property and improvements" window.

    • Contract date and NIF of the tenant. Since it is a Type 2 lease, it is not necessary to complete it and the box will appear closed.

    • Tenant's NIF: For Type 2 leases, it is not necessary to complete it and the box will appear closed.

    • Income: (900*6) = 5,400 euros

    • Repair and maintenance costs and interest and other financing costs from 2017 to 2020. Amount pending deduction: It is calculated by the program (since there is only one box per property, the program will prorate the amount of the 1,000 euros outstanding among all the leases of that property)

    • Taxes, surcharges and fees: (50*6)=300 euros of the IBI

    • Community fees: (30*6)= 180 euros

    • Contract formalization costs: 180 euros

    • Amortization. Without prejudice to the fact that they may be modified by the taxpayer, in this case the data will already appear completed and the program will reflect the amount of the amortization in the corresponding box.

      • Type of acquisition: onerous

      • Purchase date: 01/01/2003

      • Number of days of duration of the lease in 2021: 184 days

      • Cadastral value: 100,000 euros

      • Cadastral value of the construction: 80.00 euros

      • Purchase amount: 140,000 euros

      • Expenses and taxes related to construction 10,000 euros

  2. Example

    The taxpayer owns 100% of a house acquired for valuable consideration on 12/01/2021 for 120,000 euros. The expenses and taxes paid on the acquisition are 6,000 euros. During 2021 he rented the house to:

    Tenant "A" 15 days

    Tenant "B" 7 days

    Tenant "C" 4 days

    Tenant "D" 5 days

    The rental price is 80 euros per day. The insurance premium is 840 euros per year. The property tax bill amounts to 900 euros per year. The cadastral value of the building is 80,000 euros and that of the land is 20,000 euros.

    The taxpayer will include the property that has been rented and will check the rental box as it was the only use that the property had in 2021. In this case, it is not necessary to register a lease for each time the property was rented.

    In the Lease Type window, enter:

    • Lease Type: Type 2 would be selected

    • Total number of days the property was rented: 31(15+7+4+5)

    • Number of days duration of this lease in 2021: 31 days. The program transfers this data to the "Depreciation of the main property and improvements" window.

    • Contract date and NIF of the tenant. Since these are Type 2 leases, it is not necessary to complete them and the boxes will appear closed.

    • Income: (15+7+4+5)*80= 2,480

    • Insurance premium: 840* (31/365)= 71.34

    • Taxes, surcharges and fees: 900 *(31/365)=76.44

    • Amortization. Without prejudice to the fact that they may be modified by the taxpayer, in this case the data will already appear completed and the program will reflect the amount of the amortization in the corresponding box.

      • Type of acquisition: onerous

      • Purchase date: 01/12/2021

      • Number of days of duration of the lease in 2021: 31 days

      • Cadastral value: 100,000 euros

      • Cadastral value of the construction: 80.00 euros

      • Purchase amount: 120,000 euros

      • Expenses and taxes related to construction 6,000 euros