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Let’s see the 2023 Income Statement when selling or renting your apartment

Veamos la Declaración de la Renta 2023 al vender o alquilar tu piso

The Tax Agency began the 2023 Income Statement campaign this Tuesday, April 11. If you already sold or rented your apartment as an owner in 2022, you must present it and in this article we explain what you need to know.

Income Statement 2023 when selling or renting your home

The new thing about the 2022-2023 Income Statement campaign that begins this April 11, is that it will grant a two-month period which will last until June 30, 2023 , enough time to settle the debts with the treasury.

Remember, this year’s IRPF declaration refers to the operations carried out in 2022. Therefore, if you sold your house or owned a rented house during the past year, go and request the Model 100 .

Where to request the draft of the Income?

At the moment, the Income campaign is only available through the internet . Making the statement by phone or in person will begin to be available from May 5 and June 1.

If you make the 2023 Income Statement electronically, you can request the draft through the website of the Tax Agency. Likewise, now you can also request it in the agency’s mobile application.

Deductions for rent in the Income of 2023

When you own a rental home, you must include in the draft of the Declaration all the income you generated from your rent during 2022, But you can only deduct the rent if the rented property is used as a home by the tenant . If it has any other use, such as work or commercial, it cannot be deducted.

«..once you have the final figure, you can apply a 60% deduction in the Income Statement…»

Now calculate the total by adding the income and deducting the expenses derived from the rent. These can be the community fee, interest on the mortgage (of the rented property), taxes such as the IBI, among others.

Thus, once you have the final figure, you can apply a 60% deduction in the Income Statement.

If you have doubts about what these expenses are, the Treasury has a list of all of them, including which are deductible, as well as those that are not deductible.

Read more: Deduct rent in Madrid this 2023 – New measures

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Deductions in the 2023 Income Statement when selling your apartment

As you already know, when you sell your home you must pay the amount corresponding to personal income tax in the Income Tax Return, which taxes the capital gain that you obtain at the end of the property transaction.

“… and if you sold it at a lower price, compared to the time you bought that home, you will be exempt from paying personal income tax.”

But pay attention to the following! You should only do it if you obtained patrimonial benefits. On the other hand, if the sale did not generate benefits for you, and if you sold it at a lower price, compared to the time you bought that home, you will be exempt from paying personal income tax.

Income tax exemptions

There are several exemptions in the payment of personal income tax in the 2023 Income Statement when selling a flat.

  • Reinvestment in habitual residence.
  • If you are over 65 years of age and sell your habitual residence or contract a life annuity.
  • Delivery of housing in dation of payment.

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