Renta & Interest

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    • #54457
      Anonymous
      Participant

      Just about to file my 214 Form but one last question.

      In the same way that, for Patrimonio, I use the formula,

      ‘VALOR’ = ‘VALUE of ESCRITURA’ + ‘CLOSING BALANCE OF BANK ACCOUNT’

      and the tax payable is 0.2% of the ‘VALOR’ (assuming no DEUDAS and I am under the 167,129.45 Euro threshold)

      What do I do with the Interest earned from Bank Accounts? Does it then make the formula for Renta …….

      ‘BASE IMPONIBLE’ = (‘VALOR CATASTRAL’ x 1.1%) + ‘INTERESES ABONADOS’

      and the tax payable is 24% of the ‘BASE IMPONIBLE’.

      or as a non-resident, that has signed the 1 page declaration of non-residence for the bank, do I forget about the ‘Interest’?

      Many thanks in advance,

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