|NON-RESIDENT COUPLE (DEEMED RENTAL INCOME)1|
|Monthly Rental Income2||1,500||6,000||12,000|
|Annual Rental Income||18,000||72,000||144,000|
|Deemed Rental Income3||2,000||10,000||24,000|
|Income Tax Rate4|
|Up to €7,900||25%||700||1,975||1,975|
|€7,900 - €11,240||30%||1,002||1,002|
|€11,240 - €18,730||40%||1,104||2,996|
|€18,730 - €34,330||45%||14,870|
|Income Tax Due||€700||€4,801||€20,843|
|Real Estate Tax6||910||4,549||10,917|
|Annual Income Tax Due||€1,659||€8,915||€33,219|
|Tax Due as % of Gross Income||9.22%||12.38%||23.07%|
1 The property is jointly owned by husband and wife. The assumption is that the property is not furnished.
2 Exchange rate used: 1 EUR = 1.00 EUR
3 When the property is rented out to a private individual who does not use the premises for professional purposes, the taxation of income is based on the "deemed rental income" (estimated annual rental value).
4 Estimated values only.
5 Estimated values only.
6 Estimated values only.
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