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Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

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Old 01-08-2005, 07:31
Lady Pollenca
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Default Advice on Wealth Tax

Does anyone know how the wealth tax is calculated, and more importantly how you get the relevant form to pay and declare it? not too ssure of the rules any advice from ex pats would be a great help, thanks in anticipation!
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Old 01-08-2005, 15:36
Join Date: Feb 2008
Posts: 656
Default Re: Advice on Wealth Tax

Ana de la Cruz calculates my wealth tax every year and just sends me the bill which has to be paid by October I think.
I think the calculation is done some how depending on amount of properties owned and the amount of rates you pay. Sorry can't be more helpful. I think it is for non residents only, but I will find out in August when we apply for residencia
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Old 04-08-2005, 05:24
Lady Pollenca
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Default Tax

Thanks for your reply Mallorcaboy.
I know there is a wealth tax and another tax payable (but cannot remember the name), hate to be the bearer of the bad news but whichever is the higher I think is payable by residents and non residents alike.
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Old 18-09-2005, 05:58
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Default Re: Tax


Does anyone have contact details for someone who would handle these matters for us? I think before the board got ambushed there was info about someone at a video shop who specialised in handling tax for non-residents?
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Old 19-09-2005, 06:04
Lady Pollenca
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Default Re: Tax

We had a word with the solicitors we used in PP, got to say haven't organised anything yet but a guy called Tony who I think is a partner at the solicitors De la Cruz & Coll can deal with any tax liabilities, queries etc for you.
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Old 26-09-2005, 19:30
Posts: n/a
Default Wealth Tax

The Wealth Tax has to be paid by homeowners and is set against letting revenues. Unfortunately as the Spanish Government is convinced everybody is letting their apartments and not declaring it they insist on taxing everybody irrespective of whether you let or not !!

Tony De la Cruz and Oscar Coll can represent you if you wish. The Tax is .2% of the value of your property, which is net of any mortgage payments. If you actually declare letting revenue its more complex !!

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Old 07-11-2005, 02:30
Roy and Katie
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Default Re: Wealth Tax

We have just paid ours and it is more like 0.4% of the value. We don't let.

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Old 08-11-2005, 08:27
Lady Pollenca
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Default Wealth tax

Hi Roy and Katie
Glad to hear your'e all paid up and above board! We haven't paid ours yet, can I ask did you calculate the tax yourself and if so where did you obtain the relevant paperwork? Or did you use an agent?
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Old 09-11-2005, 03:17
Roy and Katie
Posts: n/a
Default Re: Wealth tax

We used an agent recommended by our lawyer. We can give you details if you wish.

I believe that the tax is made up in various bands, and is not a straight percentage. I don't have any more details.

You have a year to file the return and pay the tax, so 2004 tax needs to be paid by the end of this year.

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