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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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  • 1 Post By Deanscroft

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Old 28-10-2012, 11:46
Join Date: Jun 2008
Posts: 109
Default Income tax on property, is this correct?

Is this right that all property owners pay a notional income tax in December of each year, based on hypothetical rental? We have been paying it every year, but many people we talk to don't pay it and some think it is not payable at all. Any views welcome.
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Old 28-10-2012, 14:51
Join Date: Aug 2008
Location: Puerto Pollensa
Posts: 2,200

It is definitely payable and everybody who owns a property and is non resident should pay even if they don't rent.There have been previous posts under the heading of non-residents tax. Residents should also pay income tax . I know lots of people don't but the authorities are cracking down on tax avoidance.
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Old 30-10-2012, 16:35
Join Date: Feb 2008
Posts: 160

Just paid my local tax to Pollenca town hall,up again this year.Is it value for money or what? Any ideas?
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Old 31-10-2012, 17:32
Join Date: Aug 2008
Location: Puerto Pollensa
Posts: 2,200

It varies according to the rateable value of your property and they tend to revalue every ten years. This is of course different to Income Tax.
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Old 01-11-2012, 10:16
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Join Date: Feb 2010
Location: Bonaire
Posts: 537

Just compare your Council Tax bill in the UK to the Local Taxes bill here and that will tell you if it is good value. In the UK, 5 years ago I was paying 1800 pounds a year for a three bed detached house in Nottingham. Ive just paid this years in PP for again a three bed detached house - 500€. No brainer really.
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