wealth and renta tax

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 9 months ago.

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  • #52708
    Profile photo of Anonymous
    Anonymous
    Participant

    hi, i wonder if someone can help, i have a mortgage on a property in spain, how do i reach the figure on which my wealth and renta tax is paid. thank you mick.

  • #69961
    Profile photo of Anonymous
    Anonymous
    Participant

    As far as I am aware, you reduce your outstading mortgage balance on 31st December of the year concern to come to your net worth. Assuming you dont have a other assetts.

  • #69962
    Profile photo of Anonymous
    Anonymous
    Participant

    is that for both taxes,

  • #69964
    Profile photo of Anonymous
    Anonymous
    Participant

    The “Spanish Property Knowledge Bank” on this website gives very useful information about taxes for residents and non-residents. I suspect you will find the information shared there very useful.

    I believe that the net value of your property for tax purposes is based on the cadastral value (usually less than the market value) less your o/s mortgage figure.

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