Income Tax
As non-resident property owners and we do not rent our property out, we have had a letter from Agencia Tributaria which relates to income tax due on the value of the property from 2007 to date. From research I understand we have to make a tax return, could anyone advise on this please ? Thanks.
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You do have to complete a tax return, should be by the end of June but I think most non residents stick to the original timescale which is end of October. The forms can be downloaded and completed or you can get your solicitor or Gestoria to do for you for a fee. Some people on the forum have done themselves so could maybe give some help if you need it. The tax is a percentage of the rateable value, was 24% of 2% or something like that.
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I have included a link from previous posts on this subject, hope it helps.
http://www.forum.puertopollensa.com/...-tax-help.html |
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You may wish to ask Paul Danks to complete your tax return for you each year. He provides this service for many residents and it is very important that a professional person explains to you the system to avoid getting any nasty surprises at a later date. At the end of the day you get what you pay for and it is worth paying for the services to get you on the right track. It is almost impossible to argue and win against the tax office (Agencia Tributaria) here in Spain. Good luck.
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