It's form 210 now, NOT 214 (as the wealth tax has finally been abolished 23rd December, 2008, for non residents)

Hi! FibbyUK

Tread very carefully.

These 2 extracts are from Agencia Tributaria downloaded today.

There will always be conflicting reports and the tax authorities will support the one that works for them..........................................................

The amount to declare will be that resulting from applying the following percentages to the assessed value of the property as shown on the Property Tax bill (IBI):

In general, 2%.

In the case of properties where the assessed value has been revised or modified since 1 January 1994, the percentage will be 1.1%.

This yield is calculated once per year, on 31 December.

If you have not been the owner of the property during the whole year, or if it has been rented for any period, only the proportional part of this amount is declared.

Tax Return Form: 210, using the general section 210-A and entering 02 as income type.

When to file the tax return: Between 1 January and 30 June following the end of the taxable period.

Where to file the return: With the Branch of the Tax Agency or Administration belonging to the Tax Agency responsible for the area where the property is located.

Tax rate: for income accrued at 31 December 2006, 25 per cent; for income accrued at 31 December 2007, 24 per cent;
 

Deadline:
The deadline for filing tax returns is:
• Tax returns with an amount due or 0 refund:
- Generally, one month from the date of accrual of the income
reported.
- The income presumed from the ownership of urban buildings
must be declared between January 1 and June 30 following
the calendar year.

Hi

Very interesting all the information on completing form 210, I am hoping to complete the 210 form myself on my next visit to Spain.

There are a few points I am not to sure about, the section Contribuyente the box Codigo extranjero ( Foreign code ) in a guide to completing the 210 form as a shareholder not resident in spain it says put your national insurance number in the box, the guide goes on to tell you in Renta odtenido section Codigo pais box ( country code ) put GB for United Kingdom, Tipo Renta box ? not sure about that one, Clave de divisa ( currency code ) euros 954.

Perhaps I should  not have read the shareholders guide and just leave the boxes blank, any information on what to put in these boxes would be appreciated.

Many thank's

This does make interesting reading, and i do not doubt it came from their website.

However, I had the December date verified by a Tax Specialist attached to a Spanish Lawyer.

I will double check this now though, thanks for taking the time to reply

Number16

Don't try to complete this form by guesswork!

If you don't know what you are doing, get a Lawyer to do it for you, or check my website out.

Hi! FibbyUK

We are both playing Devil's Advocate here, which is good.

At least the people reading these threads can make up their own minds on when to return their Modelo 210's.

I go by my instincts. I have been advised by so-called experts in different fields before and more often than not, they have been totally wrong.

Best wishes.

Fibby

You were not sure yourself a few weeks ago what to fill in, only doing the same gathering info.

Hi! number 16

I sympathize with you!!

I did my own research and had help along the way from people who kindly guided me through without asking for financial rewards

IF I AM TREADING ON SOMEBODY'S TOES.................................."TOUGH"

The Codigo Extranjero...........foreign tax no............lots of confusion here! Is it your N.I.no.? Is it your British Tax reference no.? Some people enter their passport no. LEAVE IT BLANK, unless your dealing with foreign dividends from stocks and shares.

If you are a non-resident property owner that lives part-time in Spain and do not rent your property out for financial gain, then the Spanish Tax Authorities are only concerned with the V. Catastral value of your property ( located on your 2008 I.B.I.document from your local towm hall ) and getting their hands on the correct tax you owe on that value. So.............................

The Renta obtenida.............1st box......................VERY IMPORTANT.................enter where your property is located and the ref. Catastral no.( that is the 20 digit no. located on your 2008 I.B.I. You must enter this.It enables the tax office to cross-reference with your local town hall ).

2nd box.............Codigo pais................enter GB

3rd box..............Tipo renta.....................enter 02

4th box..................Clave de divisa.............enter 826.......................( currency code number for GB sterling )

Hope this helps.

Hi Pengwynne

Re the June deadline, you're absolutely spot on. I run a Spanish accountancy firm, and I can say from experience that the tax office will always go with the date that suits them best. So if you file the 210 after the end of June, you'll simply risk an investigation.

If a local tax inspector launches an investigation based on the fact that you've filed after the end of June I believe that you'll ultimately be able to resolve without a fine because of the contradictory nature of the rules published on the AT website, and those published with the 210 form itself, but you definitely will have to jump through a lot of hoops in the meantime, and if you have no representation locally you'll have no choice but to appoint somebody (which will cost you) or do it yourself (and you will need to have a degree of fluency in Spanish in this case). 

I've seen a lot of posts disputing end June deadline and promoting the deadline as end December, but I can't help but wonder why anybody would risk an investigation if they're trying to save money by filing the form themselves.

All the best

Hi! Neil

Thanks for the vote of confidence.

I hope I am wrong about the end of June issue because it is a big inconvenience to a lot of people, including myself.

But I rather err on the side of safety than to spend a fortune on legal fees.

We all buy our overseas property with our hearts, but our heads must rule when it comes down to money, especially in today's financial climate.

I like this forum............................ordinary folk with day to day problems..................you can never get away from them.

Thanks again

Hi Pengwynne,

Thanks for the infomation I appreciate your help on the final few details that I wasn't sure about.

I will be paying at a Spanish bank in euro's so the Clave de divisa ( currency code ) would be 954 for euro's is that correct.

Thanks

Hi! number 16

The currency code no. is for the presumed incoming income, which for you, I guess, is £ sterling ( 826 )

Good Luck.

Hi Pengwynne

Thanks for your help, I had just assumed it was the currency I was paying the tax in.

Kind Regards.

Hi Number 16

Quote:

Fibby

You were not sure yourself a few weeks ago what to fill in, only doing the same gathering info.

Sorry I have not replied earlier, was travelling to Spain...........

I have been working hard updating my Guide and it has been verified by a Spanish Tax Expert.

So if I appeared to be unsure at that stage, I was!

But am not now.......................

Pengwynne

Sorry to you too for the delay in replying.............

I have checked with my Spanish tax expert and the deadline for paying your own taxes is December.............

Regards,

Hope your right FibbyUK.

That will help many more people to return their Modelo 210's in time for the deadline.

I am still seeing contradictions over the question of whether a representative is legally required to return the Modelo 210 for a tax-payer(s) who owns more than 1 property, under certain restrictions. 

I have delved into the Agencia Tributaria website and have not located any information that requires a non-resident tax-payer who owns 2 or more properties to use a third party to represent him, as long as certain requirements are met, ie...........

A. The representative

I might be wrong, but I have a feeling that certain professional bodies in this field mislead us when we need direction in legal issues.

I hope a representative of a professional body acting in this field of law has the courage enough to come forward with an accurate answer to my question.

Thank you.

This message was last edited by pengwynne on 4/3/2009.

Can I ask a question on this subject please.

We completed on our house in February, when will our first tax/return be due?

Thanks

Steve

Hi pengwynne

When I had my Guide checked & verified by a Spanish Tax Specialist, I was told that you use one 210 Form for EACH property that you are paying La Renta on.

There is facility on the form for paying for a property, different to that which you are registered in for post etc.,

So my knowledge is that you CAN pay your own taxes irrespective of how many properties you own.

Hi Team GB

If you got yor Escritura and keys in Feb 2009, then your La Renta Tax is due by the end of December 2010

This tax is paid annually in arrears. 

Regards,

Hi ! Team GB

2010.  You should only need to enter 11/12ths of the base value on your Modelo 210, because you purchased your property in February.

"If you have not been the owner of the property during the whole year, or if it has been rented for any period, only the proportional part of this amount is declared.

• Tax Return Form: 210, using the general section 210-A and entering 02 as income type.

• When to file the tax return: Between 1 January and 30 June following the end of the taxable period.

• Where to file the return: With the Branch of the Tax Agency or Administration belonging to the Tax Agency responsible for the area where the property is located.

• Tax rate: for income accrued at 31 December 2006, 25 per cent; for income accrued at 31 December 2007, 24 per cent;"

Either you or your representative need to speed up the registration of your property at your local town hall, so that you obtain a 2009 I.B.I document. This will give you a Valor Catastral value on your property, which is much lower than your Escritura value.

The base value is a percentage of either of these two figures. If you do not receive a 2009 I.B.I document then the Escritura value is nominated, which can mean, a much higher tax bill.

Hope this helps.

Pengwynn,

If there is no Cadastral Value, I thought you could divide the Escritura value by 50% and pay tax based on that figure.

I read that somewhere on a Spanish Lawyer's website............can't remember which one!

That way, you don't pay too much over the odds on the tax.

We need a Lawyer to answer some of these posers!

Where are they today?

Hi ! FibbyUK

I have just updated my last thread.

It was download today from Agencia Tributaria.

I too have read this, but I am unsure on what and where it represents.

I must find out. It will save someone a lot of money if that is the case.

Best wishes.

Thank you both very much.

This helps a great deal.

Steve