Income and wealth taxes for non residents

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This topic contains 6 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 2 months ago.

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  • #53149
    Profile photo of Curlew19
    Curlew19
    Participant

    Hi

    Does anyone know what the consecuences for not paying income and wealth taxes are? I’ve only just found out about them despite having bought a property around 18 months ago and am a little concerned that I’ve not paid anything. For information in case it helps: I am married, non-resident of Spain, live in the UK, do not rent out the property – solely for personal use, have a small amount of money in a Spanish deposit account (enough to cover mortgage payments and direct debits), and my only income (and my wife’s) is through our jobs in the UK.

    Additionally, if there are any clever boffins out there that know how to calculate the income and wealth taxes I would need to pay on a property with a value of 130,000 euros with a 90,000 euro mortgage I would be delighted!

  • #75033
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Curlew

    There is a guild here http://www.heddon.co.uk/dhills/things/wealth.htm (area specific but you’ll get the general idea) or you can buy a book called “You and the Law in Spain” by David Searl or you could go to an accountant or solicitor in Spain. My solicitor charges about 90 euros to do it for us.

    I don’t think there are penalties apart from paying it when they catch you

    Regards

    Paul

  • #75034
    Profile photo of Melosine
    Melosine
    Participant
  • #75062
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for that link.
    I have been worrying about taxes for a while. The only query I have is where I find my IBI receipt or where do I get it from?

    Sally

  • #75067
    Profile photo of katy
    katy
    Spectator

    You should have your IBI receipt if you have been paying your local Town Hall property tax (due every Sept).

  • #75071
    Profile photo of Anonymous
    Anonymous
    Participant

    As we only completed at Easter presumably that means we should receive that bill this month
    Sally

  • #75096
    Profile photo of Anonymous
    Anonymous
    Participant

    @sally wrote:

    As we only completed at Easter presumably that means we should receive that bill this month
    Sally

    As you didn’t own the property on the 1st January you are not liable for IBi this year, if you owned the land on the 1st Jan you will be liable for IBI on that…of course only if the constructor has handed in the paperwork to the town hall.

    We personally have been waiting 3 years for ours and have just had a letter from the hacienda saying a catastral value has been given!

    Also don’t wait for it to arrive, it is for you to know when to pay by, otherwise you will be charged a small fine!!!

    Ian

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