How much do I have to pay in various taxes for my property?

hi

Can anyboddy line out what I have yearly to pay in various taxes for my property in Rojales and how this figures are calculated.


Kjell

kjellv wrote:hi

Can anyboddy line out what I have yearly to pay in various taxes for my property in Rojales and how this figures are calculated.


Kjell

Hi Kjell,

I'm assuming you are non-resident:

As for what is payable there is the Suma - Council Tax which is payable once a year. It must be paid by every home owner whether they are resident or non-resident. It is a local tax and goes by the name of IBI (Impuesto Sobre Bienes Inmuebles). It is payable via the SUMA office in Rojales. This is the tax that goes towards paying for local services such as the maintenance of facilities, parks and leisure areas and all kinds of infrastructure provided by the Town Hall. It is collected annually and the period during which it is collected depends on where your house is located. How much you pay is based upon the rateable value of your property or valor catastral. Rubbish collection is charged for separately either as part of your water bill or as a separate service charge issued by the Town Hall or SUMA.

To give you an idea, the last payment we made for Suma was 243.92 € (for a 3 bed house) 2014

Government taxes (Income tax)
Income tax is an additional government tax that is payable by non-residents if you do not rent out your property. The idea is that even though you don’t rent it out you could if you wished. In a way you are paying a tax for the privilege of keeping a second home for your own use.

To give you an idea of the tax payment, the last income tax payment we paid was 78.40 € each as Non-Residents
Total Amount 156.80 € for two persons for the year.

The system here is different from what happens in most other countries. The Spanish Tax Authority (Agencia Tributaria) will not necessarily remind you that a tax hasn’t been paid. Instead you are expected to make your own enquiries and arrangements. This doesn’t mean that they have forgotten that you haven’t paid the tax.
There is an annual tax declaration in Spain (deadline December 31st) that non-residents must make. This is the means by which any income of interest to Spain, such as rental income, is declared and your imputed income tax is calculated.

Many people choose to use a fiscal representative to ensure that their property taxes are paid and to follow up any problems on their behalf. You can pay a relatively small yearly fee to a Fiscal representative to take all the worry about any taxes payable, which is what we do. They will calculate it and pay it by direct debit from your bank account. Once you have employed a Fiscal rep. they should sort everything out for you and you will just get notifications that the taxes are paid. They should tell you the months of the year that payments are made, to give you time to keep the bank account topped up in readiness.

We pay around 144 euro each year to have a Fiscal Representative calculate and pay all our taxes.

Also, as you know, there will be additional outgoings such as:

Water charges (every three months)
Electricity (bi-monthly)
Community charges (if applicable)
Rubbish collection (depending on area)

There is more information on this link from the website of the Fiscal Rep (Abaco) we use:
http://www.abacoadvisers.com/spain_expl ... axes-spain


Hope this helps.

Jan.

Hi Jan

Very helpful information , I have just followed the link and noticed they also conduct conveyance for selling and purchasing properties, have you used them for this ? we will need soliciotrs next year for a purchase but really like the idea of a fiscal rep also, it would be ideal to use the same company to do everything .

Thanks

Sandra

sandra ann wrote:Hi Jan

Very helpful information , I have just followed the link and noticed they also conduct conveyance for selling and purchasing properties, have you used them for this ? we will need soliciotrs next year for a purchase but really like the idea of a fiscal rep also, it would be ideal to use the same company to do everything .

Thanks

Sandra

Hi Sandra,

Yes we used them for our purchase nine years ago and have had them as our fiscal representatives ever since. They are well established and we have found them very helpful for everything. If we have ever needed to know anything they are quick to reply by email. Having the website information and also access to our own clients area where we can see all our taxes and everything we've paid is helpful too. I can certainly recommend them.

Jan.

Thats great to know , thanks Jan we are out next week for 9 days ,it may be worth calling into see them to get an approimate cost , again I must say between all of the members on the forum there is a fountain of knowledge which is so very helful to the newbies coming to Spain like myself .

sandra ann wrote:Thats great to know , thanks Jan we are out next week for 9 days ,it may be worth calling into see them to get an approimate cost , again I must say between all of the members on the forum there is a fountain of knowledge which is so very helful to the newbies coming to Spain like myself .

So pleased you like the forum and find it helpful. We have some really great members on here and, as you say, a fountain of knowledge!

Read an article that suggests Mayor Antonio Perez has requested that the Catastro
Increase the value of properties in the area by a further 10℅ in 2015 (10℅ already 2014)
Will it continue?.

Of course it will just like in the UK tax on tax on tax and it compounds itself it's the only way they can make the books balance it has stood still for many years so I don't think anyone can complain too much especially as it is so much less than the UK

Can anyone help
We have just bought our home in Low marabou on 29th Dec 2015 so we will be responsible to pay the community charge for this coming year from 1st Jan
I bought the house from the bank and the bank is going to pay the debt which was on the house for the community charges the solicitor is onto this . I would like to pay our community charge bill for the year by bank transfer but don't know who to contact

Normally if you buy from an Estate Agent they will set this up for you but as it was a Bank you can ask them who the Community use for their Financial Matters or ask a Neighbour.