Non residance tax
Posted: Sat Mar 31, 2018 7:39 amif i bought my place in September when will I have to pay my tax and will it be one amount for both of us or do we pay individually
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Non residance tax
https://www.talkquesada.com/banking-and-finances-f85/non-residance-tax-t26308.html
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Posted: Sat Mar 31, 2018 7:39 amRe: Non residance tax
Posted: Sat Mar 31, 2018 2:30 pmPersonal Taxes start being assessed in April /May to be paid in June and November (if you wish to pay it in 2 parts). The SUMA for your house is paid in Sept and for the car, I believe it is May.
Re: Non residance tax
Posted: Sat Mar 31, 2018 2:50 pmIBI is in September. Non-Resident tax for the year has to be submitted by Dec 31st. It is shared by the joint owners of the house so if it is in two names then you'll each get a bill for 50% of the charge.
If you have a solicitor or fiscal rep then they will complete the forms for you based on the cadastral (rateable) value of your property and pay it for your through your bank account.
If no solicitor you have to complete a Form 210 and enter the cadastral value (found on your IBI bill).
You only pay the non-resident imputed tax if you don't rent out your property and declare the rental income.
Example:
You property has a cadastral value of €60,000. The tax is 1.1% of that value (if the property has been revalued since 1994, 2% if not). so 60,000 x 1.1% = 660 euro (known as the revised cadastral value). The tax payable on that is 19% so €125.40. If jointly owned you enter 50% ownership and each bill will be €62.70.
This is the Form 210 in English. If it is your first submission, I would suggest you get a solicitor or gestor to complete it and show you how to do it. You can then do successive years yourself.
Form 210 English
If you have a solicitor or fiscal rep then they will complete the forms for you based on the cadastral (rateable) value of your property and pay it for your through your bank account.
If no solicitor you have to complete a Form 210 and enter the cadastral value (found on your IBI bill).
You only pay the non-resident imputed tax if you don't rent out your property and declare the rental income.
Example:
You property has a cadastral value of €60,000. The tax is 1.1% of that value (if the property has been revalued since 1994, 2% if not). so 60,000 x 1.1% = 660 euro (known as the revised cadastral value). The tax payable on that is 19% so €125.40. If jointly owned you enter 50% ownership and each bill will be €62.70.
This is the Form 210 in English. If it is your first submission, I would suggest you get a solicitor or gestor to complete it and show you how to do it. You can then do successive years yourself.
Form 210 English
Re: Non residance tax
Posted: Sun Apr 01, 2018 9:32 amThanks for explaining it I will pop in to see my solicitor my place cost 95000 so by your calculations I need to pay £198
Re: Non residance tax
Posted: Sun Apr 01, 2018 10:32 amThe cadastral value is not the same as your purchase price. It is the rateable value and will be shown on your IBI bill. It will be lower than the price you paid for the property, in some cases less than half.
That's the first thing you need to know.
That's the first thing you need to know.
Re: Non residance tax
Posted: Sun Apr 01, 2018 11:58 amJelly wrote:if i bought my place in September when will I have to pay my tax and will it be one amount for both of us or do we pay individually
All good advice so far above - These latest Tax notification from our Fiscal rep may also be of some help for information:
Re: Non residance tax
Posted: Mon Apr 02, 2018 4:17 pmHi Marcliff, just printed the form out, it was in Spanish. Guessing it has to be as its a Spanish form.
Re: Non residance tax
Posted: Mon Apr 02, 2018 5:07 pmYes. You can use the link I gave in English to see what goes in each box.