Anual taxes/fees for properties in Spain

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This topic contains 4 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years, 5 months ago.

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  • #55751
    Profile photo of Anonymous
    Anonymous
    Participant

    Consider that one buys a 100K Euros holiday property in Spain (plus of course the
    12% i.e. 12K Euros purchase fees) in a urbanisation with pool and some gardens.

    Say the community fee is about 150 Euros/month i..e about 1800 Euros per year.

    How much are the other anual taxes or fees one has to pay for the holiday property?

    Thank you.

  • #99639
    Profile photo of katy
    katy
    Spectator

    There is IBI (council tax), basura (rubbish) and notional rental income for non-residents. Probably around £500 but this is just a guess.

  • #99809
    Profile photo of katy
    katy
    Spectator

    There is IBI (council tax), basura (rubbish) and notional rental income for non-residents. Probably around £500 but this is just a guess.

  • #99845
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Flosmichael,

    the VAT rate in spain as you are probably aware has gone from 16% to 18%. The other taxes are SUMA – council tax for rubbish collection etc – I pay on average yearly about E150 per year, La Renta Tax which is a tax whether or not you rent your property – last year mine was E45 – it goes on the catastral value as far as I am aware. You can do this return yourself through the local tax office – or through a fiscal representative which can cost more than the tax itself. The add on fees i.e. stamp duty, legal, VAT which I bought was appox 10% this may have changed with the recent changes. The community fees now I pay have reduced and we pay them twice yearly January E330 and July E107 – these go on the square meterage of your dwelling. Other than that there are no other taxes – the wealth tax has been abolished. The only other charges to watch for are Iberdorla (electric) and Aguagest (water) – the standing charges alone for these can be high. To point out I am on the Costa Blanca – the SUMA etc may vary in different regions.

    Hope this is of help!

  • #99657
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Flosmichael,

    the VAT rate in spain as you are probably aware has gone from 16% to 18%. The other taxes are SUMA – council tax for rubbish collection etc – I pay on average yearly about E150 per year, La Renta Tax which is a tax whether or not you rent your property – last year mine was E45 – it goes on the catastral value as far as I am aware. You can do this return yourself through the local tax office – or through a fiscal representative which can cost more than the tax itself. The add on fees i.e. stamp duty, legal, VAT which I bought was appox 10% this may have changed with the recent changes. The community fees now I pay have reduced and we pay them twice yearly January E330 and July E107 – these go on the square meterage of your dwelling. Other than that there are no other taxes – the wealth tax has been abolished. The only other charges to watch for are Iberdorla (electric) and Aguagest (water) – the standing charges alone for these can be high. To point out I am on the Costa Blanca – the SUMA etc may vary in different regions.

    Hope this is of help!

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