12 Sep 2009 12:00 AM:

Hi, I am very new to spain as my father has just passed away and left us a lot of worry in the form of a villa in Monte Cid Alicante, I now know we have to pay IHT and lawyers fees which are very high and wipe out all his money he left us. But my biggest worry now is that we have to pay so many taxes and the spanish housing market like the uk is not good for selling.

Please could someone explain to me as a non resident what taxes I expect to pay until we sell the property, I understand the wealth tax has been abolished and we have to now pay rental tax even if we do not rent the property out,  if so what would be the tax in Monte Cid , if we did not rent the place out. 24% is terrible and I can not beleive we have to pay 24% of a rental income if we do not rent the place out,  what other nightmare taxes do we have to pay can anyone tell me.

People keep saying that we need to keep the property,  and we keep saying that we can only just about aford our house in UK and we can not cope with other bills for a proptery which may take years to sell in spain. 

Like me is there other people who are annoyed at the taxes us uk citazens have to pay in spain, as if we do not get ripped off enough in the UK.

Many thanks for any replies

Kind regards

 

Thread: Spanish Taxes

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