WEALTH TAX

I have just been informed by my solicitor that I am liable for 223 euro 'income' tax for the year ending December '08. On top of this is their fee of 104 euros. Apparently although no income is achieved by me in any shape or form the tax authorities determine that a benefit is derived purely from owning a Spanish property and that MUST be taxed. It is beginning to feel just like living in the UK but with the sunshine.

For anybody that is interested and does not know already there is somebody that can instruct us how to pay our taxes without the use of representation. She has been doing it for five years. There is obviously a fee to pay for this information which is £20.00 of which a percentage is given to charity. Her email address is  suechester@blueyonder.co.uk

Colin

Hi Colin,

 I have just paid my tax also which was 150 euros, but my solicitors fees were 208 euros because myself and my wife are down as joint owners of the property. 75 euros tax and 104 euros fees each. I will be definetely e-mailing this person . 

                                                                  Tom.

Am I right in thinking that Wealth Tax is now abolished?  We completed on our property in January so I'm working on the assumption that we will not have to pay - please correct me if I'm wrong as I'd rather know now than find out later!

Am I right in thinking that Wealth Tax is now abolished?  We completed on our property in January so I'm working on the assumption that we will not have to pay - please correct me if I'm wrong as I'd rather know now than find out later!

Pumpkin,

Wealth tax has been abolished. 'Income' tax is still in force and this is based on the  value of your property and the fact that you gain pleasure from owning a Spanish property. This tax (per annum) is approximately 50% of the old tax because the wealth tax has been removed so you will have to pay some tax and it will depend on the property you own and, of course, you will need this form (210) completed and presented on your behalf by your fiscal representative or go to the email address included in my first posting of this thread.

Colin.

P.S. Pumpkin

If you completed January this year your tax liability will be calculated after December this year. From that point you will have until June 2010 to submit your form and pay your dues.

Colin

Strewth, thank you for your reply - as usual, very helpful!