wealth and renta tax Favourite This topic contains 3 replies, has 3 voices, and was last updated by Anonymous 10 years, 3 months ago. Author Posts March 11, 2007 at 10:42 am #52708 AnonymousParticipant 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. March 11, 2007 at 11:36 am #69961 AnonymousParticipant 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. March 11, 2007 at 12:35 pm #69962 AnonymousParticipant is that for both taxes, March 11, 2007 at 5:41 pm #69964 AnonymousParticipant 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. Author Posts You must be logged in to reply to this topic.