04 Nov 2008 3:28 PM:

To Paul10brien,
We have just paid the wealth tax for the 2007. The wealth tax has been discussed at Parliament and they hope to make a decision soon. Everyone is expecting it to be done away with. This would mean we will only have to pay income tax on our properties. This has to be paid even though you may not rent out the property. If the decision is made to do away with the wealth tax, it will still have to be paid for this year. I hope this answers your question. Hopefully it will be decided before the end of the year, otherwise we will have to pay for another year.
Regards,
Phil. 

Community thread: Wealth Tax

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22 Oct 2008 5:50 PM:

Steve & Anita,
Good afternoon.
I also have a property on Phase one, one of the bungalows. We bought ours through Masa and used Abeco Asesores as solicitors. Everything went very well with very few issues. We now use Abeco to do our accounts as well as preparing and completing our Spanish Will which i believe is quite important. Anyway when we started to use them one of the things they informed us about was the taxes we would be expected to pay as the Spanish goverment are clamping down on non payers. You are expecting to pay wealth tax and also income tax even if you do not rent your property out. We signed up for the bungalow in May 2007, and we have just paid the taxes for 2007. It came to 186.88 euros. It will be more next year as it will be for the full 12 months. Both the taxes are worked out using the value of the property as a starting point. The more the property is worth the more you pay. If you would like more info i will try and explain it in more depth, other than that i could give you the address of  Abeco.
Kind Regards
Phil.
3B Calle Nectarine.

Community thread: Wealth Tax

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25 Feb 2008 5:24 PM:

To anybody who is interested in Aircon units. We were given a guys name by the Masa International moving in Rep.

He,s called Les ( a scotsman) very nice man indeed. We had two Samsung invertors fitted for our 2 bed Bungalow, 1 in main bedroom and 1 in the lounge, plenty cold enough in summer and lovely and warm in winter. Both units cost us 1600 euros         and they did a first class job. We had a problem with one where there must of been a power surge because we are still on builders power, and they came straight back to fix it no questions asked. I would certainly recommend them to anyone. You can get Les on 630946280 or Steve on 686419259.

If anyone would like anymore info. My name is Phil from No 3b Block 4 phase 1.

Community thread: FREEZER TO SPAIN

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