Non-resident Spanish property owners have taxes to pay on their property. They must pay IBI or council tax and either property income tax or tax on their rental income. In some cases they may also need to pay Wealth tax. The deadline for making a non-resident Spanish tax declaration for 2010 is December 31st 2011.read more >>
The Spanish Tax Authority are increasingly homing in on those who are trying to evade them. One of the ways in which they are doing this is through cross-checking information between utilities and government agencies. There is even evidence that information is being shared now between banks in the UK and the Spanish Tax Authority.read more >>
Pay your Spanish tax or you could risk losing your home. It’s that simple. There will be some people reading this who might be a little sceptical about whether this is really the case. We’ve heard the disbelievers too, “I’ve heard it all before and nothing ever happens. I’ve never paid my taxes and no one’s come after me”. Well perhaps they didn’t once upon a time, but we’re living in a different age when tax evasion means less money in very empty coffers and where IT capability means data crossing is getting more and more sophisticated.read more >>
Think you know something about tax? Here’s a little quiz for you:read more >>
Case study 1: Mr. A - Rich and famous person lives in Switzerland and is a resident in Switzerland. When he dies he wants his ashes to be spread in Wales. Where should the inheritance tax on the property he bequeaths be paid to? Switzerland or the UK?
Case study 2: Mr. B - Resident in Spain, lives in Spain, pays taxes in Spain, has UK golf club membership, son is at UK university. Where should be pay his taxes?
Case study 3: Mrs. C - Resident in UK. Has a holiday home in Spain, visits Spain for two months every year. Where should she pay her taxes?
Think you know the answers? Read on...
The Spanish Tax Authority is closing the net on tax fraud.read more >>
Did you know that the Spanish Tax Authority is working even more closely with tax authorities in other countries – including HMRC in the UK?
Did you know that the Fiscal Fraud Prevention Plan in Spain raised more than 6,597 million euros of unpaid tax between January and August 2010? Twenty-four per cent more than in 2009.
If you own a property as a non-resident it is taxable as income,
even if you do not rent it out.
10 good reasons why not to ignore Non-Resident Income Tax.
Taxes in Spain do not begin and end with Council Tax (IBI / SUMA). Income Tax, payable to the Spanish government, is compulsory for all non-resident property owners.read more >>
The Wealth and Income Tax in Spain has not been abolished, however, there is a very welcome reduction, meaning a lower payment for many.read more >>
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Taxes for Non-Residents
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