Spanish Tax on non rental holiday home
Helpful member
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