|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 € 10,860||25%||500||2,500||2,715|
|€10,860 - € 12,470||30%||-||-||483|
|€12,470 - € 20,780||40%||-||-||3,324|
|€20,780 - € 38,080||45%||-||-||1,449|
|Over € 38,080||50%||-||-||-|
|Annual Income Tax Due||€500||€2,500||€7,971|
|Real Estate Tax6||910||4,549||10,917|
|Annual Income Tax Due||€1,459||€7,335||€20,347|
|Tax Due as % of Gross Income||8.11%||10.19%||14.13%|
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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