12 Aug 2022 4:17 PM:

We are in the process of selling our Spanish property and I understand there is a 3% retention made to cover any unpaid taxes.  I'm just wondering whether to complete our Renta tax return to 31/12/2021 as usual or if your lawyer does it as part of the conveyancing or if the tax office calculate and deduct payment from retention.

Any advice appreciated.

 

Thread: Selling property /final taxes

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26 Jul 2022 4:44 PM:

Hi.  Just about to complete form 210 for year ending 31/12/21 .. am I correct in thinking this will be the first year we will be charged 24% because we are no longer in the European Union?

When selling Spanish property ... if this completes mid year, does your lawyer sort out any outstanding taxes for the last year or does the Tax Office calculate and take payment from the 3% withheld from the sale?  Thanks

Thread: Form 210

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01 Nov 2021 7:07 PM:

Hi Johnzx, yes the cadastral value has definitely changed as shown on our IBI. That's why it's difficult to understand why a gestoria is saying otherwise.

Thread: Property revaluation

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01 Nov 2021 5:38 PM:

Thanks for your replies Kavanagh and Johnzx.

We have continued to pay the non resident renta tax at 1.1% since 2006 when our property was first revalued. I was just wondering if anyone was more informed about how you know or find out if a revaluation has occurred in the last 10 years. We presumed it had since the cadastral value on our IBI has increased several times over the years yet a neighbour of ours is now being charged at 2%.  We are just about to complete last year's 210 tax form and can't decide what rate it should be.

Thread: Property revaluation

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29 Oct 2021 11:27 AM:

Property revaluation

The properties in our community were first revalued in 2006 and since then there have been smaller increases which were assumed to be further revaluation. 

 

A fellow owner has just been advised by his gestoria that his non resident tax should have been increased to 2% as the property had not been revalued for over 10 years... computer error.

 

If the smaller increases are not a revaluation what are they?

Has anyone got any info/advice please.

Thread: Property revaluation

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