At Walter Haus, we know that the tax return can become a real puzzle, especially when there is a rental contract involved. Whether you are an owner or a tenant, real estate taxation is full of nuances that are not always clear. Every year, many people confirm their draft without checking whether they are applying all the deductions to which they are entitled, which translates into avoidable financial losses. In our daily work, we see how correct tax management makes a difference in terms of savings and peace of mind.
Deductions that go unnoticed
One of the most frequent mistakes among those who rent a home is not taking advantage of regional deductions. These vary by community and are subject to specific requirements: age, income, habitual residence, registered contract, among others. In regions like Madrid, for example, many tenants do not know if they can deduct part of the rent, and this is largely due to the lack of clear and accessible information. At Walter Haus, we advise thoroughly reviewing each case and having professional advice so as not to miss these tax benefits.
Tenants: the great forgotten in the declaration
Surprisingly, more than half of renters do not include the rental deduction on their return, despite being entitled to it. This is due not only to a lack of knowledge, but also to practical obstacles: unregistered contracts, unknown landlord’s NIF or lack of valid supporting documents. Added to this is the fact that many drafts do not automatically reflect these deductions, so it is the taxpayer’s responsibility to add them. At Walter Haus, we firmly believe that better tax education can empower renters and improve their relationship with housing.
Owners: good intentions, but room for improvement
Landlords are often more tax conscious, but do not always correctly apply available deductions. Although most know that expenses such as IBI, insurance, repairs or community expenses can be deducted, many do not keep the necessary supporting documents or do not review the Treasury draft in depth. This gap between knowledge and execution can have consequences during an inspection. For this reason, at Walter Haus we recommend keeping rigorous control of all the expenses associated with the rental and relying on tools or advice that help optimize the declaration.
Simplify to win: towards clearer taxation
The current system has hundreds of regional deductions, many of them complex and with changing conditions year after year. This lack of clarity generates insecurity and demotivation, both in owners and tenants, which has a direct impact on the quality of the rental market. At Walter Haus we consider that moving towards a more transparent and accessible tax environment is essential. Meanwhile, our commitment is to continue offering personalized support to our clients, helping them make informed decisions and get the most out of their tax situation.