Reduce Your Taxable Income:

Example: €20,000 Annual Rental Income

Deductible Expenses:
─ Property management (12%): €2,400
─ Maintenance & repairs: €1,800
─ Insurance: €900
─ Property tax: €400
─ Utilities (furnished): €1,200
─ Depreciation (4%): €3,200

─ Accountant/tax: €1,000
─ Marketing: €600

TOTAL: €11,500

Taxable Income: €20,000 — €11,500 = €8,500
Tax (non-resident): 0%
Net cash: €20,000