29 Dec 2007 5:41 PM:

Unfortunately I have never received any interest.......

But so far as wealth tax is concerned the 214 form only has space for two numbers valor and deudas which I have interpreted as total assets and total liabilities.

Since the post by fibbyUK i have googled various sites which make it clear that all Spanish assets owned by a non resident are caught including boats!

http://spanish-taxes.co.uk/services/spanish-wealth-tax/
What are my assets **
These includes; Bank accounts, stocks and shares, investments, share in a business, gold, cars, yachts, aeroplanes, works of art and jewellery.

http://www.numerological.co.uk/services/tax_ownership.html

Wealth Tax (Impuesto sobre el patrimonio)

Taxable event: holding Spanish assets on the 31st December Taxable amount: the value of Spanish assets held Tax rate: varies between 0.2% and 2.5% Tax allowance: any debts associated with the assets can be used to offset the “wealth”calculation

Thread: pool update

--------------------------------------

29 Dec 2007 5:01 PM:

Check out this link:

http://www.spainlawyer.com/guialegal/guialegal.cfm?IDCAPITULO=11020000

"non-resident property owners are always taxed on their assets located in Spain (car, houses, bank accounts etc…)"


Thread: pool update

--------------------------------------

27 Dec 2007 4:41 PM:

I thought that you also had to bring your bank balance into account (higher of balance 31 Dec or average of last quarter per "informacion fiscal" provided by the bank. Where does this go on 214 is included in valor?

Thread: pool update

--------------------------------------