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!
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