News from the 2022 Rent campaign

The main novelties of the 2022 Income campaign include:

• The maximum individual contribution to private pension plans is 1,500 euros per year (previously 2,000 euros). On the contrary, the maximum contributions to business plans with the right to deduction are increased to 8,500 euros. The total contribution with tax benefits remains at 10,000 euros per year.
• The general reduction in the net performance of modules is increased from 5% to 15% for all taxpayers who determine the net performance of their activity according to the objective estimation method.

On the other hand, we also consider it essential to remind you of some of the new features that were already introduced in the previous income campaign and that have generated a more significant number of requirements from the Administration to taxpayers:

• The big news, the 2021 income campaign, focuses on those who invest in digital currencies. The Tax Agency has included a specific box to report profits or losses with crypto assets. Also, for the Wealth Tax, a particular section has been enabled for this type of asset, where their balance as of December 31 must be reported. A movement to have greater control over this market, currently without legal regulation.
• Among the objectives of the Tax Agency for the Wealth Tax campaign is to verify that those taxpayers who declare the possession of assets abroad through Form 720 also declare them in Wealth.
• Regarding the returns on real estate capital, the level of detail of the data to be provided is increased, and the creation of a new annexe stands out, the completion of which is voluntary, and where you must report the NIF of the suppliers of certain expenses (expenses of formalization of contract or repair and conservation among others). Also noteworthy is the detail that the Tax Agency will require from now on in relation to depreciation.
  • In rented properties, control of amortization expenses is increased. You are obliged to report the value and date of acquisition of the property, as well as whether the acquisition of the property was onerous (by purchase) or lucrative (inheritance or donation).
  • The creation of a new annexe, the completion of which is mandatory, and where the suppliers’ NIF must report certain expenses (contract formalization expenses or repair and conservation expenses, among others).
• In rentals, the dates of the lease contract must be reported.

As in the previous section, the Treasury’s control over economic activities increases, requiring greater precision in the types of income and declared expenses.

To enter

Finally, if the declaration result is to be deposited and you want to choose to domiciliate the income, the deadline to do so is June 27. Likewise, the possibility of splitting the payment is still valid: 60% to be paid on June 30 and the remaining 40% on November 6.

To return

If a result is returned, you must enter the IBAN of the account where you want the refund to be paid. The married taxpayer may request the suspension of the payment of the tax debt up to the maximum amount of the refund to which their spouse is entitled, as long as there are no debts with the AEAT.