{"id":3821,"date":"2024-04-23T06:57:49","date_gmt":"2024-04-23T04:57:49","guid":{"rendered":"https:\/\/blog.destinyhome.es\/deductible-expenses-for-renting-a-house-in-fuerteventura\/"},"modified":"2024-04-23T08:57:33","modified_gmt":"2024-04-23T06:57:33","slug":"deductible-expenses-for-renting-a-house-in-fuerteventura","status":"publish","type":"post","link":"https:\/\/blog.destinyhome.es\/en\/deductible-expenses-for-renting-a-house-in-fuerteventura\/","title":{"rendered":"Deductible expenses for renting a house in Fuerteventura"},"content":{"rendered":"\n

If you own a rented house in Fuerteventura, you must declare the income you receive from your property in your Income Tax Return. However, there are a number of deductible expenses that you can include in your <\/strong>income tax return that will help you pay less for the income received.<\/p>\n\n\n\n

In this article we will explain which are the deductible expenses for renting a house in Fuerteventura that you can include in your income tax return. <\/p>\n\n\n\n

*In addition, we remind you that you have at your disposal the Renta 2023 Manual<\/a>. A PDF with all the housing deductions available in the Canary Islands.<\/p>\n\n\n\n

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Deductions in the Canary Islands [Renta 2023]<\/a><\/p>\n<\/blockquote>\n\n\n\n\n\n

What can the owner of a rented apartment in Fuerteventura deduct?<\/h2>\n\n\n\n

For the Tax Agency, deductible rental expenses are those that owners need to assume<\/strong> in order to obtain an income from their property. Although there is no specific list of them, the following concepts are generally accepted by the Internal Revenue Service:<\/p>\n\n\n\n

Repair and maintenance expenses<\/strong><\/h3>\n\n\n\n

The owner will be able to deduct the expenses derived from possible reforms carried out in the rented housing related to painting, replacement of elements and repair of facilities<\/strong>. This deduction will have a maximum amount related to the rent received.<\/p>\n\n\n\n

\"paint<\/figure>\n\n\n\n

Supplies<\/strong><\/h3>\n\n\n\n

Expenses for gas, electricity, water<\/strong> and other supplies related to the rented property may also be deducted. Although these expenses are usually passed on to the tenant, the landlord will be able to deduct them if he decides to assume them. In this case, you would be entitled to 100% of the invoice. <\/p>\n\n\n\n

Furniture<\/strong> and fixtures<\/strong><\/h3>\n\n\n\n

The furniture and other belongings that the owner rents together with the house are also tax deductible, although not in their totality or all at once. The lessor may deduct 10% of the value of the furniture <\/strong>for a maximum period of 20 years provided that:<\/p>\n\n\n\n