Taxation on two properties

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Tuesday, May 22, 2007 Dream Hills Parcela I've made 3 posts Send private message to Dream Hills	Hi, I have been residing in Spain now for 18 months, had a few teething problems but things seem to be running smoothly at the moment. Can anybody give me advise on what the tax issues are with owning two properties in Spain. I am thinking of buying a new house, the house is off plan not ready for at least 4 years. I cant sell my house till the new one is ready, so there may be an overlap,It could take a year to sell my house, so in the eyes of the law i will own two properties in Spain. Can anybody advise what the law states.? Thanks. Spam post? If so please click here to report it
22 May 2007 1:48 PM semijubilada Adosado I'm in London/Torrevieja I've made 451 posts Send private message to semijubilada	A friend of mine has two properties in Spain and she is a non resident. She pays the same taxes of each one, wealth and patrimonia, plus tax on income on one as she now rents that out. Do resendents pay wealth tax on second properties? Possibly only when you sell but technicaly you are selling your main residence so I would have thought the amount would be neglidgable. Ouch spelling Zena Spam post? If so please click here to report it
23 May 2007 11:21 AM FibbyUK Villa I'm in UK, Surrey & Playa Flamenca, Costa Blanca I've made 1846 posts Send private message to FibbyUK	Welcome to EOS Dream Hills I can't answer your question, sorry, but just dropped in to say welcome! Regards _______________________ FibbyUK http://www.payingtaxesinspain.pwp.blueyonder.co.uk Spam post? If so please click here to report it
23 May 2007 2:28 PM EOS Team Moderator I'm in Costa del Sol I've made 2026 posts Send private message to EOS Team	Hi Dream Hills Welcome to the site. Maybe try posting your question in the "Spanish taxes" area of the forum as it wil get the proper exposure there. Regards Justin _______________________ Spam post? If so please click here to report it
23 May 2007 3:14 PM Dream Hills Parcela I've made 3 posts Send private message to Dream Hills	Thank you for the warm welcome. Have taken your advise and posted on the other forum. Thank you once again. Amanda Spam post? If so please click here to report it
24 May 2007 8:53 AM suemac Ático I'm in London. Santa Ana del Monte from 2009. Can't wait! I've made 177 posts Send private message to suemac	Hi Dream Hills Justin, hope this post is OK as it's not really an ad! I had an email from Moneycorp, having been to the recent A Place in the Sun Live exhibition, and they are offering a free financial guide, which has been written with Blevins Franks. Having bought the Blevins Franks book "Living in Spain" at the Viva Espana exhibition, I can say it was very comprehensive, even if reading it sends me to sleep! The link for the free guide is: http://www.moneycorp.com/personal/financialguide/. Regards. Sue _______________________ Sue McGinlay (and John Walker) Spam post? If so please click here to report it

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