Wealth Tax - Help!!

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10 Oct 2009 12:00 AM by Tula Star rating. 2 posts Send private message

I contacted my Fiscal recently as I thought the wealth tax for non residents was cancelled from January 2008.  However, he advised me that it has been, but there is still tax to pay on theoretical 'rent' that you recieve from the property - below is what he said

'One of the two taxes included in the Non Residents Wealth tax (214) has been abolished from 1st January 2008, BUT unfortunatelly, the another tax called Tax on "renta" (this is the theoretical income of a property) goes on existing.
 
Impuesto sobre la Renta de No Residentes" goes on existing.  "Impuesto sobrea Patrimonio" is abolished"
 
.......Does anyone know if this is right? Any insights would be very welcome!
 
 
 




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10 Oct 2009 10:20 AM by carsafe Star rating. 28 posts Send private message

Absolutely correct,my 'tax' bill has come down abot 100 euros this year-oooblooday ray





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10 Oct 2009 3:35 PM by Dene Star rating. 23 posts Send private message

Tula,

Yes wealth tax has been abolished but you still need to pay renta.You now use form 210 instead of form 214.If you read all the different threads in Spanish taxes forum you should find all the information you need and maybe save money doing it yourself.





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11 Oct 2009 11:06 AM by Tula Star rating. 2 posts Send private message

Thanks for your responses Carsafe and Dene - very helpful advice!

Tula





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11 Oct 2009 7:16 PM by leswill Star rating. 120 posts Send private message

Many people are now finding that the fiscal rep fee to submit the form and pay tax is more than the tax bill itself!  have a look at our website for details on how to save money by paying in your own bank.  www.spain214.com


 



This message was last edited by leswill on 11/10/2009.

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