Frequently asked questions in relation to VAT on property rentals
Skip information indexTaxable base
The tax base will be the consideration, including any credit in favor of the lessor, such as community expenses, Real Estate Tax, heating, water, electricity, works and other concepts that are passed on by the lessor to the lessee.
Yes, since it is a credit in favor of the lessor and, therefore, is part of the rental consideration.
Consultation DGT V0127-20
The owner may consider the credit as uncollectible and proceed to reduce the tax base, with the requirements of article 80.Four of Law 37/1992 (in the case of a rental: 6 months or 1 year have elapsed since the accrual, request collection from the tenant by means of a judicial claim or notarial request, issue a corrective invoice within the following three months and present form 952 within the following month to communicate to the AEAT the reduction of the tax base).
The link to model 952 can be seen in Related Content appearing on this page.
Once these requirements have been met, they will recover the output VAT not collected from the tenant, including a negative tax base and accrued fee in boxes 14 and 15 of form 303.
To calculate the deadline for issuing the corrective invoice and the form 303 in which to make the adjustment, you can consult the calculator for the deadlines for modifying the tax base and other rectifications:
https://www2.agenciatributaria.gob.es/wlpl/AVAC-CALC/CalculadoraMBIServlet
Detailed information on requirements to recover VAT from bad debts in Related content "How can I recover VAT unpaid by my clients?" .