Non-resident taxes - confusion

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29 Oct 2014 10:27 AM by johnzx Star rating in Spain. 5242 posts Send private message

Quote:-   unfortunately we do pay double because the account is joint,

 

Poedoe,    please understand,   the Non Resident owner’s tax is paid at a fixed rate for a property. one owner r more (it is usually the catastral value X 1.1%  X 24% -----   This maybe 24.75% or 25% this year) .

 If the property has more than one owner on the Escritura, then that original sum is divided equally between the owners. Thus the same amount is paid , never more.  I.E. if it is 200 euros, with 2 owners, then each pays 100 euros.  The lawyer will charge for each person,  as it is a different form, for each. So double lawyer's fee, not tax.

My son and his wife on their holiday home pay 228.76 €,  that is 114.,38 €,  EACH; 

 

Having a joint account has no bearing whatsoever.

This may help::  Google     “www.mijas.es/portal/files/.../aForm_210_instrucciones_en_ingles.p”

 


This message was last edited by johnzx on 29/10/2014.



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29 Oct 2014 10:46 AM by Poedoe Star rating in Berkshire, England. 83 posts Send private message

Thanks John, X



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Poedoe



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