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Property Taxes in Almeria

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Posted: Wed May 15, 2019 4:14pm
15 replies180 views7 members subscribed
Nigel58

Posts: 7

Location: Albox

I understand that if you own a house in Spain that you have to pay imputed income tax, even if you do not intend to rent out your property (which we wouldn't).  I have been told that this is 19% of the value of the property every year!!!!  Me and my wife are looking to move out to Spain next year and if this is the case, we can't afford to do so.  Please could anyone advise us if this is true and if it is payable year on year. I am hoping that the calculation I have been advised is incorrect, if so does anyone know the correct way of calculating this tax.  We intend to live in Spain permanently.

Haikili1969

Wed May 15, 2019 5:11pm

Posts: 41

Location: La Alfoquia

18 helpful posts

Posted: Wed May 15, 2019 5:11pm

Hi Nigel,

We’ve just bought a property and will be due for Tax next year. It is my understanding it is 19% of 1% of the Cadastral Value of the property (like the council tax value) 

Mine is likely to be about €180 euro or less.

Hope this helps, I’m sure someone will know the exact figures but this is what I found after hours of research. 

All the best with your search! Good luck. 👍

Saludos

Warren

Nigel58

Nigel58

Original Poster

Wed May 15, 2019 5:19pm

Posts: 7

Location: Albox

Posted: Wed May 15, 2019 5:19pm

Thank you Warren, that sounds more realistic. Good luck with your new house!

Kind Regards

Nigel

rt21

Fri May 17, 2019 4:57am

Posts: 47

Location: Chirivel

32 helpful posts

Posted: Fri May 17, 2019 4:57am

Hi Nigel.

It sounds as though you are referring to the non residents property tax, which as the name suggests is only payable by those who own a property in Spain but do not live there.

Richard

Nigel58

Nigel58

Original Poster

Fri May 17, 2019 2:30pm

Posts: 7

Location: Albox

Posted: Fri May 17, 2019 2:30pm

I Richard

Thanks, I have looked up on the internet and unfortunately you have to live in Spain for 6 months before you are classed as a resident for tax purposes, so I assume it is payable then for those first 6 months.

Regards

Nigel

Suee22

Sat May 18, 2019 8:19pm

Posts: 6

Location: Cantoria

Posted: Sat May 18, 2019 8:19pm

Hi Nigel

We were caught with the property tax thinking that we only had to pay the 10% on top of the property plus Solicitors fees and was caught with £11,000 tax for a year on the property we were looking at, we were so disappointed. Please get a good solicitor we had a good Spanish lady and she worked with us, i was lucky and managed to get my deposit back but did lose 3000 EUROS.

This is what you will have to pay out

notary fees, registry fees, legal fees and the purchase tax which on a £155,000.00 euro property works out to £12,400.00.

Also check on the council tax, refuse collection and your electric, water etc. make sure everything is legal with the town hall before you put any money down. 

SUE 

Nigel58

Nigel58

Original Poster

Mon May 20, 2019 3:24pm

Posts: 7

Location: Albox

Posted: Mon May 20, 2019 3:24pm

Hi Sue

Thanks for your reply.  Can I just clarify that you had a 'property tax' of £11,000 as well as the purchase tax of which you have given the example of in your reply.  If so, was this property tax just for the first year of occupancy?

Thanks again

Nigelo

Suee22

Mon May 20, 2019 6:29pm

Posts: 6

Location: Cantoria

Posted: Mon May 20, 2019 6:29pm

Hi Nigel

Sorry it was the Property Tax that was that amount, this you would not have to pay if you were a resident but that can take up to 6 months, however this is something that you would have to check on before you purchase a property, what Estate Agent are you using. ?

Sue

rt21

Tue May 21, 2019 7:28am

Posts: 47

Location: Chirivel

32 helpful posts

Posted: Tue May 21, 2019 7:28am

Hi Sue

I have just read your post and I am a liitle confused by what you refer to as a property tax that is not payable if you are a resident.

My understanding is that when buying a property in Andalucia the only taxes payable are VAT and Stamp duty for new properties or Transfer Tax for resale properties. And that these taxes are payable by both residents and non residents. (Although there is relief for disabled people and those under 35 years old).

Is it possible for you to clarify which tax you are refering to when talking about the property tax.

Many thanks

Richard

Richard

Nigel58

Nigel58

Original Poster

Tue May 21, 2019 9:40am

Posts: 7

Location: Albox

Posted: Tue May 21, 2019 9:40am

Hi Sue

Thanks for your clarification, we don't have an estate agent yet, we are going out in July to find one in Albox.  We may decide to rent when we  first move out there for 6 months and then look to buy a house; we will be classed as residents by then.

Kind Regards

Nigel

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