29 Aug 2008 11:12 AM:
I understand that there is a reciprocal taxation agreement between the UK and Spain such that property owners who live in England and who do not rent out their property in Spain should not have to pay any wealth tax. This would be more apparent, one would hope, if the Spanish property was mortgaged and any incomings were outweighed by the outgoings, i.e. zero or negative profit.
Can someone explain if it is an easy process to convince Spanish Authorities of such a situation & thereby waive the wealth tax accordingly?
I assume that appointing a Spanish solicitor to fight the case may be the only option but is it possible to visit the town hall and voice your case individually, or would this be inconceivable in Spain? I can understand how difficult it could be to discuss with Spanish officialdom .... am I being over optimistic here (please don't hurt yourself when you fall over laughing).
Do we get any time to renegotiate (i.e. counter) a wealth tax claim or would we be fined for late payment, assuming that it takes ages to re-evaluate the tax claim?
Regards Steve
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