Annual Spanish Tax

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20 Feb 2007 7:36 PM by FibbyUK Star rating in UK, Surrey & Playa F.... 2349 posts Send private message

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Hi Alan,

Any mortgage you have outstanding on a Spanish property is excluded when paying the Wealth Tax.

Wealth Tax is only payable on the part of the property you own outright.

Hope this helps,

 


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FibbyUK

One off fee to pay your own La Renta tax (210 Form)
Check out my website:

http://www.payingtaxesinspain210form.pwp.blueyonder.co.uk/

 




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20 Feb 2007 10:50 PM by alanwspencer Star rating in Hertfordshire/Duques.... 340 posts Send private message

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Thank's Fibby I guess you have to weigh up the cost of the mortgage to how much you would be paying in wealth tax if you bought outright?

Alan


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21 Feb 2007 8:54 AM by FibbyUK Star rating in UK, Surrey & Playa F.... 2349 posts Send private message

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Exactly Alan,

Work out the tax percentages, weigh it up against interest payable on a mortgage, choose the best option.

Not plugging here, but check out my website below my signature,,,,,,,,,,,well yes, I was plugging, but Justin knows about me, probobly too much!


_______________________

FibbyUK

One off fee to pay your own La Renta tax (210 Form)
Check out my website:

http://www.payingtaxesinspain210form.pwp.blueyonder.co.uk/

 




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21 Feb 2007 11:11 AM by JeansSis Star rating. 2376 posts Send private message

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This message was last edited by JeansSis on 5/17/2007.



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