Income and wealth taxes for non residents

This topic has 6 replies, 6 voices, and was last updated 15 years, 9 months ago by Anonymous.

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- September 14, 2007 at 11:27 pm #53149
  
  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!
- September 15, 2007 at 7:39 am #75033
  
  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
- September 15, 2007 at 8:22 am #75034
  
  Melosine
  Participant
  
  http://www.spanishpropertyinsight.com/spanish_property_taxes_for_non_residents.htm
  All you need to know is already on this site
- September 16, 2007 at 8:39 am #75062
  
  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
- September 16, 2007 at 10:42 am #75067
  
  katy
  Blocked
  
  You should have your IBI receipt if you have been paying your local Town Hall property tax (due every Sept).
- September 16, 2007 at 11:44 am #75071
  
  Anonymous
  Participant
  
  As we only completed at Easter presumably that means we should receive that bill this month
  Sally
- September 17, 2007 at 4:17 pm #75096
  
  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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