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90% of all property related debts in
Spain are owed by non-residents!
In Spain, tax can be levied by three tiers of government: |
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- Central Government
- Regional Government
- Local Municipalities
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There are 17 regions and 49 provinces in Spain, and so, for
the UK property owner the Spanish tax system can sometimes appear
very complex.
In addition, the system is very much based on self assessment,
especially for the non-resident, which effectively means they
are required to: |
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- Obtain the right tax form
- Calculate the tax due
- Complete the form
- Submit to the Spanish tax office
- Pay the tax!
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UK property owner, they will no doubt ask some or all of the following questions: |
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- What taxes do I need to pay?
- Where do I get tax forms?
- Are the forms in English?
- What forms do I use?
- How do you fill forms in?
- What if I am unsure about anything, who can I contact?
- Do both my partner and I have to submit returns?
- How do I calculate the tax?
- Are there ways to minimise the tax?
- Where do I send the forms?
- Does it go to local or central government?
- How do I know whether the forms have been received?
- How do I make payment of any taxes?
- What if I wish to reclaim tax?
- etc
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Many non-resident property owners remain completely ignorant of
their tax obligations – until they come to sell their properties.
This then prompts the authorities into action often leading to some nasty
surprises!
Click
here to see those taxes applicable to the
non-residents.
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©copyright NumeroLogical 2007 |
