From next April 2, you will be able to consult the drafts of the income tax return, which the Technicians of the Ministry of Finance (Gestha) recommend reviewing to verify, for example, that they do not include maternity and paternity benefits, since they are exempt. .
On April 2, the Tax Agency will kick off the 2018-2019 income campaign, which will last until July 1. The Technicians of the Ministry of Finance (Gestha) assure that the most important developments this year are the exemption of maternity and paternity benefits, and the increase in the deduction for daycare expenses, although there are others, such as the increase in the limit of the income from work that requires submitting the declaration up to 12,643 euros.
Every year almost 20 million declarations are filed, of which about 70% goes out to return. However, many people could benefit more than they do. Gestha has made this decalogue:
1) Exempt benefits. The exemption from maternity and paternity benefits is the main novelty this year, after the ruling handed down by the Supreme Court. Regarding the expenses deductible from work income, the technicians point out the union and professional association dues, provided that membership is mandatory to work and with a limit of €500 per year; legal expenses to defend against the payer, with a limit of €300 per year; or the expenses that may arise from the geographical mobility of the employee and which amounts to €2,000. Only unemployed taxpayers registered at the employment office who accept a job that requires them to change their habitual residence can benefit from this advantage. Active workers with disabilities can receive tax relief between €3,500 and €7,750.
2) Ownership of the properties. Empty homes and premises generate what is called "imputation of real estate income", an income that is estimated as a percentage of the property's cadastral value. We must check that the accusations are correct, that there are no homes that are no longer our property, that belong to several owners...
3) Capital gains. The incentives of the PIVE Plan for the purchase of a vehicle or aid for the purchase or renovation of a home are capital gains that are usually incorporated into the 
draft declaration that the Tax Agency prepares, although it is advisable to review it in order to ensure and avoid a settlement, which entails a penalty. Regarding capital gains from transfers of real estate and other assets, technicians recall the so-called real estate "fiscal hack", which involves the elimination of monetary correction coefficients as of 2015. Gestha highlights the exemptions available for capital gains when Those over 65 years of age or people who are in a situation of severe or high dependency transfer their habitual residence; and for those achieved after the transfer of the habitual residence when the amount obtained is reinvested in the acquisition or rehabilitation of another habitual residence within a period of two years.
4) Changes in the family situation. Changes in marital status, deaths and births must be reflected, which entail not only the family minimum, but also the possibility of family deductions. Handicap situations must be taken into account. Another novelty lies in the increase of up to an additional €1,000 in the amount of the maternity deduction when the taxpayer entitled to it has expenses in daycare centers or early childhood education centers for their children under 3 years of age. Another novelty is the extra increase of €50 in the deduction for large families.
5) Regional deductions. It is important to spend time reading the regional deductions, since they can provide important tax benefits - expenses for children's studies, adoption, rental housing...
6) Rentals of habitual residence. The state deduction for renting a habitual residence has already disappeared, but remains in force for contracts signed before January 1, 2015. Tenants with contracts prior to that date can continue to deduct 10,05% of the contributions in the tax period for the rental of your home, as long as your tax base is less than €24,107.20 per year. Several CCAA have established rental deductions with other requirements.
7) Home purchases and land clauses. The deduction for acquiring a habitual residence, which also disappeared, continues to be applicable for those who bought it or made any payment for its construction before January 1, 2013. These maintain the right to the deduction in 2013 and subsequent years, provided that have deducted for that home in 2012 or in previous years. Up to 15% can be deducted from the amounts invested with a limit of €9,040. It is essential to check that this deduction is included in the draft, since in some cases, due to errors by the financial institution, the mortgage loan data does not appear.
8) Contributions to political parties and donations. Solidarity and ideology deduct taxes: contributions to political parties give the right to a deduction from the 20% of membership fees.
9) Pension plans. The draft includes contributions to pension plans according to the data provided by the manager, but it is advisable to verify them before validating it. The tax savings from these contributions range from a minimum of 19% to a maximum of 45% of the investment made.
10) Expenses for working at home. Self-employed people who work in their own home can deduct certain expenses, such as the most common water, gas, electricity, telephone or Internet bills. The percentage resulting from applying 30% may be deducted from the proportion between the square meters of the home used for the activity with respect to its total surface area. It is possible to deduct expenses incurred by the self-employed in the development of their activity in restaurant businesses, and that they pay using any electronic means, with a limit of €26.67 per day in Spain and €48.08 abroad.
Electronic way to the detriment of paper
As a novelty, this year the Tax Agency will no longer allow the presentation of declarations on paper, since they must be presented electronically.
It is clear that the moment of submitting the income tax return is crucial when it comes to, on the one hand, avoiding any error or omission that could harm the final result, and on the other hand, that could even lead to a financial penalty.
That is why at Aseryde we put at your disposal our tax experts who can advise you when submitting your declaration, and carry out all the procedures before the Treasury for you.
Call us or contact us through inquiry form.
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