Recovery of VAT on expenses in homeowners’ associations
Deduct VAT from your homeowner association fees
Obtain a new source of liquidity from your properties
A significant part of the properties owned by companies are part of homeowner associations. These homeowner associations cannot deduct VAT on their maintenance and service costs, as they are considered final consumers. However, business owners and other professionals can benefit from the deduction of the tax on the proportional part of their participation (%) in these associations assisted by 60dias.
Benefits of recovering VAT on expenses in your association
Retroactive nature
We recover not only current and future VAT, but also the past. The tax framework allows you to deduct VAT for the last 4 years if not expired yet, so initially you get a very significant cash injection almost immediately.
Hands Free Service
Our team takes over the entire management and you will receive the invoices in an upload file adapted to your ERP on a regular basis (monthly/quarterly).
Liquidity
Obtain a steady source of liquidity for homeowner association expenses and reduce the impact of unforeseen and out of the ordinary expenses.
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Who can benefit from this service?
Retail
Offices and outlets
Property developers / Socimis
Industrial warehouses
What expenses are deductible?
Property managers
Expenses derived from the management of the association.Property managers
VAT generated by management expenses, consultants are also deductible…
Maintenance
Repairs, painting, façade upkeepUnexpected expenses
Painting facades, repairs to plumbing or electricity, unforeseen events that may arise in the day-to-day running of a homeowner’s association.
External services
Services provided by third partiesExternal services
Services such as cleaning, security, concierge, surveillance or other work carried out by third parties are also eligible for VAT deduction.
Utilities
Deduct VAT on overheadsGeneral expenses
Recover input VAT on expenses for electricity, water, heating, etc.
Do you have any questions?
If you have any questions, please do not hesitate to contact us.
