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Spanish Tax on non rental holiday home

Posted: Wed Feb 12, 2020 12:44pm
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AndrewLaEnvia

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Hello,

I've only recently become aware of my liability to pay tax in Spain on my small property, not on any income we receive (we don't rent out) but simply for owning the property and using for holidays. Based on Spanish tax law, it is seen that I (family) receive a benefit that can be quantifiable and turned into an amount of tax owed.  

I'm hoping to gather a bit of information from you good people as to:  Are my findings correct? Do I owe tax on a non income generating property?  It seems I have missed the deadline for making this contribution after only owning my property for 1 year and by raising my head now, will I incur penalties for accidentally missing this contribution?   Out of pure curiosity, do others pay this tax religiously?  I want to do the right thing for the amount it is, but I wondered if others do?

Thanks in advance and hope the sun is shining out there!  Popping out for a week with my young family on Friday. 

Andrew

Posted: Wed Feb 12, 2020 3:04pm

tony3121

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Posted: Wed Feb 12, 2020 3:04pm

Its Non Residential Tax, and it payable on your property if you rent it out or not, there is a small fine if its not paid by end of December.

If you dont pay it , when you sell your property the money will be withheld and paid out of the sale of the property plus fines for each year. 

If your from the UK its advisable to pay it now as the rate is higher for non EU country which will include the UK from next year. 

Posted: Wed Feb 12, 2020 4:53pm

Alicia 11

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Posted: Wed Feb 12, 2020 4:53pm

best to consult a qualified gestora to do this for you every year to avoid the fines.

Posted: Wed Feb 12, 2020 9:22pm

chrisso50

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Posted: Wed Feb 12, 2020 9:22pm

Tony is correct. If you own property in Spain, you have to pay tax on it, whether as resident or non-resident. If you are resident in Spain and own property in the U.K. you have to pay tax on that too!

Chris

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Posted: Thu Feb 13, 2020 8:42pm

David1963

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Posted: Thu Feb 13, 2020 8:42pm

spanishtaxforms.co.uk they will do it all for you.

Posted: Thu Feb 13, 2020 11:38pm

rt21

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Posted: Thu Feb 13, 2020 11:38pm

Hi Andrew

In answer to your question about whether other holiday home owners pay this tax, I for one do.  However, from speaking to other holiday home owners I suspect I might be in the minority.

Regards

Richard

Posted: Fri Feb 14, 2020 2:46pm

AndrewLaEnvia

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Posted: Fri Feb 14, 2020 2:46pm

Thanks everyone, appreciate your words of wisdom.  It's an insignificant amount in the grand scheme of things, I only have a small apartment so not worth getting into hot water over not paying. 

Thanks

AH

Posted: Fri Feb 21, 2020 11:41am

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Posted: Fri Feb 21, 2020 11:41am

I think your find you do  best to pay or they will fine you. We have just bought our solicitor has said the same.

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