On April 6, the Income campaign 2022 which, in reality, has to do with your situation during the fiscal year 2021. And even if there is time ahead for it to conclude, do not rest on your laurels (you have until June 30) and resolve your doubts. For example, have you ever wondered if you must declare the aid received to buy a new car?
When you buy a new car, as is, in principle taxes are already paid corresponding, such as the 21% VAT or the registration tax (for all vehicles whose official emissions (according to the new WLTP protocol) are not less than 120 grams per kilometer.
Therefore, the individuals who have purchased a new car in 2021 They should not pay anything else, even if they use it to work for someone else or are retired, because it is something that is considered, simply and plainly, as a consumer good. However, do you have to declare the aid to buy a new car that you received from the Government, such as the Moves Plan?
Yes. The amounts in question that have been received -and have therefore increased the tax base according to the stipulated tax brackets- they will have to be declared to the Treasury as a capital gain, so they will be subject to tax and, ultimately, you will have the obligation to pay for them.
Can one deduce anything? Who? Only if the car is new (neither used, nor ‘pre-owned’ nor ‘zero kilometer’ -these last types are second-hand for all intents and purposes-), we can see a series of cases in which the interested party can lower the prices a bit. Final costs with the deductions provided by law. This is the case of the disabled or self-employed, for example.
The self-employed They will be able to deduct 50% of the installments (capital and interest) for the year and 50% of the VAT on their newly purchased new car, although there is also the possibility of doing so in certain types of renting (even if the vehicle is not owned), provided that they use the vehicle in question to work.
And this includes both those who use it to transport as those who use it as Work tool usual to carry people or merchandise (in this second case, 100% VAT could even be deducted). That is to say: taxi drivers, private transport drivers, representatives, carriers, driving school teachers…
In addition, these groups could also deduct the taxes maintenance costs, gasoline (between 50% and 100%) as long as it is for the execution of their work and, of course, that the vehicle in question has been registered in the name of the same self-employed professional who presents the declaration.
In the case of company carsthe companies will be the ones that can deduct a part of its cost, since they are the owners, and the worker must declare 20% of the annual cost of acquiring the car as income in kind and pay taxes on that amount by adding it to the earned income obtained during the fiscal year.
If the car is third party, that 20% will be calculated on its market value. If it is an electric or plug-in hybrid car, with more than 15 km of autonomy in EV and a price of less than 40,000 euros, there will be a 30% discount; if the car is hybrid, 15%; and if it is a diesel or gasoline of less than 120 gr/km and less than 25,000 euros, you can deduct 15%.
In addition, we must also talk about the disabled or people with special needs, whether they are the ones driving or the people they depend on or are in charge of in some way. Thus, the buyer of a vehicle can deduct 50% of VAT, a tax that, in this case, is 4% instead of the usual 21%.