- OP Xtreme
- Business & Finance
- Crime & Law
- Food Drink
- News Features
- Property Insider
- Legal Issues
- Mistress of Sizzle
- Loud and Clear
- Eating Out
- Andalucia Property Search
- Green Guide Spain
A taxing issue for non-residents in Spain
• Non-resident property owners need to be aware of how much tax they owe
Do you have news for us?
Click to contact the newsdesk!
NON-RESIDENT property owners are being warned they are still required to pay tax on their home even if it is not earning them an income.
The Spanish tax authorities are clamping down on those who have failed to pay Deem Income Tax – dubbed the ‘enjoyment’ tax – over the last four years.
Letters are being sent to non-residents who have not paid the charge, along with fines for late payment.
“Unfortunately, ignorance of the existence of this tax does not excuse you from paying it,” said Jose Lopez Avalos, from Manilva Solicitors.
“It is understood that non-resident clients are benefitting through ‘enjoyment’ of the property, and this is taxable.
“It means the taxman not charging tax on real income such as rent, but on a deemed income from the property.
The tax is used to fund airports and motorways used by non-residents in order to to enjoy their properties.”
He added: “The tax is not usually high so it is worth paying on time to avoid the risk of being fined.”
Non-residents can pay the tax using Form 210, available from the Spanish tax office website www.aeat.es.
Payment for the 2012 tax year must be made before the end of 2013.
For more info contact Manilva Solicitors on 952 901 225 or [email protected]
Reader Comments »
The views expressed in the comments above are those of our users and do not necessarily reflect the views of the Olive Press.
Messages will be moderated or deleted if they:
• Are considered likely to disrupt, provoke, attack or offend others
• Are racist, sexist, homophobic, sexually explicit, abusive or otherwise objectionable
• Contain swear words or other language likely to offend
• Break the law or condone or encourage unlawful activity. This includes breach of copyright, defamation and contempt of court
• Advertise products or services for profit or gain
• Are seen to impersonate someone else
• Include contact details such as phone numbers, postal or email addresses
• Describe or encourage activities which could endanger the safety or well-being of others
• If you have a complaint about a comment please email [email protected]