Question for UK Citizens with property in Spain (non residencia)?

Question

I own a property in Spain and each year pay my Patrimonio (ex spell) more commonly known as the Wealth tax and the other tax of which I am unsure of the correct name but again commonly known as the Renta Tax which I have to pay despite not renting out the property. I have heard it rumoured that this is the last year of these taxes. Can anyone enlighten me on this? Thanks to anyone who answers.

Answer 1

The wealth tax has been abolished. This was commonly called the "Impuesto sobre el Patrimonio". It has been abolished with effect from the 1st of January 2008.

It does not make any difference whether you are a resident or a non-resident.

"Renta" - much as it sounds similar - does not mean rent in Spanish. It means income.

As far as logic goes, you do not need to pay an income tax where you do not receive income.

It is possible that by some tax structure, the tax authorities assume certain income from a property which is not your primary residence and therefore place a symbolic tax on a second residence.

This is something too complex for someone who is not a tax advisor to answer but as far as I know, you only pay income tax on income received.

I hope this helps!

Answer 2

Nothing in the local papers at all about this. Think it must be a rumour.

Sorry about that. PS average property let is now less than 4 days per year for holiday rentals out here

Answer 3

Please try the following............

www.properties24.co.uk          this gives oodles of info about paying taxes in Spain, the word RENTA, has nothing to do with the Word "rent" as in renting property....................

or this site

www.spanishpropertyinsight.com/tax

both sites are very helpful.

I know of NO changes to the tax system for non residents at present,

a resident over 65 years of age who has lived over a certain length of time in their property does NOT pay Patrimony tax, my mother is 84 pays nothing..........

hope this helps, the spanish tax system is a mine field, its best to pay a Gestoria a few euros to sort it out, DO NOT try to do it for yourself, one tick or cross in the wrong place, boy will you have trouble!!

Bye, long standing resident here - 26 years to be exact.