what do you pay ?

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what do you pay ?

Postby paulwps » 23 Aug 2017, 09:22

Those of you who only have holiday homes,
what taxes do you pay ?
do you rent out your home ?
do you pay the so called, wealth tax,
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Re: what do you pay ?

Postby Selhurst » 23 Aug 2017, 11:40

We have a holiday home. We don't ever rent it out. We pay the Suma direct and the "wealth tax" through our fiscal representative. Year ago we also had to pay a tax on assumed rentals that we never made, but that was eventually dropped.
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Re: what do you pay ?

Postby paulwps » 24 Aug 2017, 00:48

I have never rented mine out, ive paid the suma , but thats it, other than water and electric, and never been asked to pay anything else?
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Re: what do you pay ?

Postby freddo » 25 Aug 2017, 10:00

Paul do you not pay the non resident tax if not you will have a big shock soon
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Re: what do you pay ?

Postby paulwps » 25 Aug 2017, 10:16

freddo wrote:Paul do you not pay the non resident tax if not you will have a big shock soon

No what is it ?
ive had my home 16 years lol
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Re: what do you pay ?

Postby freddo » 25 Aug 2017, 16:09

Are you talking about a spanish property
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Re: what do you pay ?

Postby paulwps » 25 Aug 2017, 22:46

Yes of course.
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Re: what do you pay ?

Postby freddo » 26 Aug 2017, 00:16

well you should be paying a non resident tax every year
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Re: what do you pay ?

Postby paulwps » 26 Aug 2017, 01:52

Oh well, tax for what, I dont get any rental monies,
I dont get any pensions, and they have never told me I had to pay any tax,
I pay my bills and suma. No doubt when i come to sell, they will fine me loads.
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Re: what do you pay ?

Postby bridgie » 26 Aug 2017, 05:14

Will they charge you back tax too?

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Re: what do you pay ?

Postby paulwps » 26 Aug 2017, 07:57

You know the Spanish. Any reason to make you pay.
they make me pay for water I dont use, I am contracted to use "x" amount
but when I go over, what I use doesn't come out of "x" its added on . Lol
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Re: what do you pay ?

Postby Selhurst » 26 Aug 2017, 10:32

Paul,
My understanding is that, as a resident in Spain, you are taxed on the value of your worldwide assets. However, you have an allowance of about €600,000 and an exemption of €300,0000 on your property in Spain, so a lot of ex-pats can avoid it.
As a non-resident, I am taxed only on assets in Spain but get no allowance on the property.
The tax was suspended after 2007, but the re-introduced in 2011 when the government needed to reduce it's deficit urgently.
I just checked and have not had to pay it in recent years as our property is not worth anything like the allowance. The allowance must have been increased as I was paying it before.
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Re: what do you pay ?

Postby freddo » 26 Aug 2017, 15:43

I do not think you get the point
I am referring to the Non resident Tax not Wealth tax

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Re: what do you pay ?

Postby paulwps » 26 Aug 2017, 17:22

Never heard of rubbish collection tax, house is worth not a lot , so should I care ?
I pay the suma, I think its time to bury my head back in the sand, and not worry about it.
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Re: what do you pay ?

Postby paulwps » 27 Aug 2017, 08:20

I am Non Resident.
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