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Property for sale Gran Canaria

Month: June 2023

June 4, 2023 Daniele Piccoli No Comments Short Term Rentals/Tourist Rentals

PROPERTY MANAGEMENT CHECK-IN/OUT HOUSEKEEPING

WE ARE LOOKING FOR NEW FACILITIES TO MANAGE FOR SHORT TERM RENTAL

“PROPERTY FOR SALE GRAN CANARIA” is actively seeking new facilities to be manage for short-term tourist rental, including Villas, Chalets, Bungalows, Apartments, Duplexes and Triplexes. We offer management contracts lasting at least 12 months to ensure stability and continuity for owners. In addition to managing bookings on portals, social and our institutional website, check-ins and check-outs, ready interventions to the property and guests, we also take care of housekeeping through our company, and the fiscal management for payment of taxes on the revenue generated, providing a full 360-degree service.

Our areas of interest include in the South Meloneras, Playa del Ingles, Campo Internacional, Sonnenland, Puerto Rico, Amadores, Salobre Golf, and San Agustin; in the North Playa de Las Canteras and Santa Catalina.

If you own a property in one of these areas and are interested in having us manage your property for tourist rentals, please do not hesitate to contact us, and we will be happy to schedule an appointment at our Playa del Ingles offices or a phone call or Skype to discuss it together and evaluate the possibilities of collaboration.

Don’t let your property only generate expenses, start it in the business of short rentals by relying on a serious and professional partner who will take care of everything by relieving you of any practical and bureaucratic tasks.

The law in Gran Canaria establishes precise rules for short-term rentals to tourists and we follow them strictly by dealing with the application for the Vivienda Vacacional license, the registration of guests, the alignment with the guidelines regarding the accommodation, its set up, insurance, etc… so that you sleep soundly and our work is done legally safe from fines and complaints.

Contact us for more information at our phone or email contact information

+34 635632009 +39 3518711023

Picture of Daniele Piccoli

Daniele Piccoli

June 4, 2023 Daniele Piccoli No Comments Fees and Taxation, Short Term Rentals/Tourist Rentals, vivienda vacacional

DEDUCTIBLE EXPENSES VIVIENDA VACACIONAL

WHAT ARE THE TAX DEDUCTIONS FOR THOSE WHO HAVE A VACATION HOME WITH A REGULAR VIVIENDA VACACIONAL LICENSE IN THE CANARY ISLANDS?

There are many people who ask me this question during telephone or presidential informational interviews, so I decided to summarize them below for clarity.

MISCELLANEOUS UTILITIES.

Expenses incurred for utilities for your Vivienda Vacacional business may be deducted as essential operating costs for your business. These expenses typically include electricity bills, water bills, costs related to internet connection….but not only.

ORDINARY COSTS OF BUILDING ADMINISTRATION

Condominium administration expenses that may include maintenance of the building in which the property is located, maintenance of the gardens and swimming pool if present, and maintenance of the accounts by the administrator who in Canaria is very often represented by a company.

CLEANING FEES

Cleaning expenses, if carried out by specialized firms or contractors, can also be taken as a deduction. In fact, when professional services are used to clean the dwelling, wash linen and maintain it, the related expenses may be considered deductible.

COMMISSION OF BOOKING AND MANAGEMENT PORTALS

Of course, you will then be able to deduct all the invoices related to commissions from the various tourist booking portals, such as Booking, Airbnb, VRBO, and others that in order to provide you with visibility require you to pay a percentage of your rental income in return. This percentage will also be required of you by the eventual agency or person, company in charge of the management of your vivienda vacacional (checkin, checkout, assistance to the property and the tourist, emergency response, supervision cleaning service and property maintenance) and will also be tax deductible.

INSURANCE PREMIUM

The Vivienda vacacional law requires you to take out a specific insurance policy that covers any damages caused by tourists, to third parties, atmospheric or to the contents of the property for any eventuality. The annual premium you pay for this insurance will be deductible, according to the Personal Income Tax Law , from your taxes for the year in question.  

EXPENSES FOR EQUIPMENT OR ENDOWMENT OF THE BUILDING

When you own a vacation home there are numerous details to take care of to ensure a pleasant experience for your guests. From the bathroom and bedroom linens that are always in excellent condition, unstained and of good quality, the small appliances such as mocha coffee maker, water kettle, various sized cookware and kitchen utensils that are neither ruined nor rusted. All purchases made for your business can make a difference on your income and are tax deductible.

PROMPT ACTION AND MAINTENANCE

Also eligible for the deduction are all expenses incurred for emergency work performed by professionals such as electricians, plumbers or similar, as well as minor maintenance work such as painting walls or repairing locks by a carpenter.

THIRD-PARTY SERVICES

To run your business you may need professional third parties such as accountant, lawyer, real estate agency…all fees of these professionals inherent in your vacation rental are tax deductible.

TAXES

Property taxes, such as the Urban Property Tax (IBI) and garbage collection fee (Basura), which are own municipal taxes and cover the costs associated with ownership and waste management, can be deducted from personal or business taxes.

TIP

To ensure accurate management of your expenses, you should keep invoices from service providers. However, it is important to keep in mind that the ability to deduct these expenses is limited based on the number of days you had guests.

So be sure to keep a copy of all invoices from service providers to the property and professionals who operated during the time you hosted your clients or otherwise in reference to a booking that occurred at your vacation rental.

FOR MORE INFORMATION PLEASE FEEL FREE TO CONTACT ME

CONTACT ME
Picture of Daniele Piccoli

Daniele Piccoli

June 1, 2023 Daniele Piccoli No Comments Real Estate Investments

DOES INVESTING IN THE CANARY ISLANDS PAY OFF?

WHY DO MANY REAL ESTATE INVESTORS PREFER TO INVEST IN THE CANARY ISLANDS THAN IN THE REST OF THE WORLD?

There are several reasons why a real estate investor might consider investing in Gran Canaria or the Canary Islands in general. Here are some of the main reasons:

  1. Tourism: The Canary Islands are one of the most popular tourist destinations in Europe. Every year, millions of tourists visit these islands to enjoy the subtropical climate, beaches, outdoor activities and relaxed atmosphere. This creates a strong demand for tourist accommodation, such as apartments, vacation homes and hotels, offering stable investment opportunities in tourism real estate.

  2. Favorable climate: The Canary Islands enjoy an exceptionally pleasant climate year-round, with average temperatures ranging between 20°C and 30°C. This climate attracts many visitors during the winter, seeking warm and sunny weather. The attractiveness of a pleasant climate contributes to the stability and demand for tourist accommodation, encouraging real estate investment.

  3. Taxes and tax incentives: The Canary Islands offer attractive tax advantages for real estate investors. For example, there is preferential taxation on Personal Income Tax (IRPF) and Corporate Income Tax (IS), as well as reduced Value Added Tax (VAT) for tourism activities. These tax incentives can make real estate investments more profitable and attractive.

  4. Political and economic stability: Spain, of which the Canary Islands are a part, is a democratic country with a stable economy. This provides a favorable environment for real estate investment, ensuring a stable legal framework and clear rules for foreign investors.

  5. Real estate growth: The real estate sector in the Canary Islands, and particularly in Gran Canaria, is growing steadily. There are many opportunities for real estate development, both for new construction and renovations. In addition, there are several expanding tourist and residential areas that offer attractive investment opportunities.

  6. Quality of Life: The Canary Islands offer a high quality of life, with a unique combination of natural landscapes, beaches, outdoor activities, and modern infrastructure. People looking for a home to live there full-time or to spend their vacations can benefit from a pleasant environment and a wide range of services and recreational activities.

Of course, as with any real estate investment, it is important to conduct a careful market analysis and assess the risks and potential returns before making a decision.

Picture of Daniele Piccoli

Daniele Piccoli

Fissa Appuntamento
Ti aiuto a scegliere l’immobile giusto per investire a Gran Canaria.
Analizziamo insieme posizione, rendimento e potenziale di crescita.

Contattami direttamente: +34 627 364 440 | +39 351 871 1203



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