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completion phase 8

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26 Nov 2006 12:00 AM by didi . 1 forum posts Send private message I had call from PW last week that phase 8 will be ready in april 07. I am moving into apartment and would like some idea of monthly out goings, if any I would be grateful. frank 0 Like Spam post or Abuse? Please let us know
27 Nov 2006 5:24 PM by ColatLT . 118 forum posts Send private message In my own planning I have allowed the following as a ‘rough estimate’ of ANNUAL RUNNING COSTS (in Euros) for my own particular circumstances for an APARTMENT property with a value of 200,000 euros. Spanish Taxes Local Property Tax (IBI) (0.3% of 200,000) 600 Deemed Income Tax (25% of (2% of 200,000) 1000 Property Wealth Tax (200,000 * 0.2%) 400 Tax Accountant Filing 150 2150 Property Costs - minimum Basic Keyholding / Management of Property 200 Communal Charges 1400 Utilities Standing Charges 150 Building & Contents Insurance 100 1850 ......TOTAL MINIMUM 4000 euros........ Property Costs - additional Golf Fees - as used Utility charges - as used Internet Charges - as used Outgoing Telephone - as used Rental - Public Liability Insurance Rental - Property Management/Advertising Rental - Cleaning/Laundering Rental - Income Tax (25%) (Villa’s or Townhouses may have additional costs (e.g. gardening or pool services etc)) Note: Obviously everyone’s costs (especially taxation) could differ depending on circumstances (e.g Resident/Non-Resident etc). I do not claim that it is extensive and covers everything, but hopefully I have included most of the main costs which will be incurred. I have used ‘reasonable’ estimates where no true figures are available. I am not an accountant or a taxation specialist. Information from Internet or books. 0 Like Spam post or Abuse? Please let us know

The Comments

26 Nov 2006 12:00 AM by didi Star rating

. 1 forum posts Send private message

I had call from PW last week that phase 8 will be ready in april 07. I am moving into apartment and would like some idea of monthly out goings, if any I would be grateful.

frank

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27 Nov 2006 5:24 PM by ColatLT Star rating

. 118 forum posts Send private message

In my own planning I have allowed the following as a ‘rough estimate’ of ANNUAL RUNNING COSTS (in Euros) for my own particular circumstances for an APARTMENT property with a value of 200,000 euros.

Spanish Taxes
Local Property Tax (IBI) (0.3% of 200,000) 600
Deemed Income Tax (25% of (2% of 200,000) 1000
Property Wealth Tax (200,000 * 0.2%) 400
Tax Accountant Filing 150
2150

Property Costs - minimum
Basic Keyholding / Management of Property 200
Communal Charges 1400
Utilities Standing Charges 150
Building & Contents Insurance 100
1850

......TOTAL MINIMUM 4000 euros........

Property Costs - additional

Golf Fees - as used

Utility charges - as used
Internet Charges - as used
Outgoing Telephone - as used

Rental - Public Liability Insurance
Rental - Property Management/Advertising
Rental - Cleaning/Laundering
Rental - Income Tax (25%)

(Villa’s or Townhouses may have additional costs (e.g. gardening or pool services etc))

Note: Obviously everyone’s costs (especially taxation) could differ depending on circumstances (e.g Resident/Non-Resident etc). I do not claim that it is extensive and covers everything, but hopefully I have included most of the main costs which will be incurred. I have used ‘reasonable’ estimates where no true figures are available.
I am not an accountant or a taxation specialist. Information from Internet or books.

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