BASQUE COUNTRY: Haven't they paid you the rent?

We need to differentiate two scenarios:

Rent of a property

The income from real estate capital is attributed to the tax period in which the corresponding payment is received. Therefore, if your tenant hasn't paid you the rent, you will not have to reflect it in the tax base until you collect it.

Rent of a business

Here, the income is from movable capital, and the criterion is different: you will have to pay taxes on accrued rents even if you haven't collected them. However, those amounts are considered doubtful debts if they meet the required conditions, and you will be able to deduct them as an expense (if you eventually collect them, you must account for it as income in the year of collection).

 

Our professionals will assist you in preparing your tax return and calculating your income.