Introduction
Income declaration is a mandatory procedure for all taxpayers. It is important to present income and fulfill tax obligations with the Treasury. In this article, you will find tips for properly including the grants and subsidies you have received.
Include aid and subsidies in the declaration
According to the Organization of Consumers and Users (OCU), all aid and subsidies, except for study grants, must be declared in Income. Below are some examples of grants and subsidies to include:
Aid for the replacement of household appliances, boilers, windows or air conditioning units
Public subsidies for rent, such as the Youth Bonus
Subsidies to cover real estate tax (IBI)
Subsidies to acquire or rehabilitate the usual home and/or repair structural defects
Help to install ramps and lifts
Aid for the acquisition of sustainable vehicles
Aid of 200 euros to individuals with a low level of income and assets
Good social thermal
Good young culture
It is important to make sure that all the grants you have received appear on the income statement. To do this, access Renda Web and consult the section ‘Equity gains and losses that do not derive from the transmission of assets’. Here you will find the options to include grants and subsidies.
Obligation to declare
Many taxpayers are not required to file a return if their income does not exceed certain limits. However, this rule changes in the case of aid and subsidies. If the benefits you have received reach 1,000 euros per year, you must submit the declaration, even if you do not reach the minimum income. It is important to regularize your situation with the Treasury if you have been the beneficiary of any public aid.
It should be noted that the declarations are made in the financial year in which the subsidies are received, not in the financial year in which they were granted. For example, if you were given rent help in 2023, but you didn’t receive the income until 2024, you don’t need to include it in that year’s Income. It will have to be declared in the 2025 financial year.
However, in some cases, some aid can be divided into four parts and declared for four consecutive financial years. This is applicable to aid for the acquisition or rehabilitation of the usual home, as well as subsidies to acquire officially protected housing. It also applies to aid for the conservation or rehabilitation of assets of the Spanish Historical Heritage and for the first installation of young farmers.
Declaration of the aid of the community of owners
If your community of owners has received grants, it is important that each neighbor declares the corresponding part according to their coefficient of participation in the building. It is necessary to take into account article 3 of the Law on horizontal property, which establishes the calculation of these coefficients.