Showing posts with label REAL ESTATE TAXES. Show all posts
Showing posts with label REAL ESTATE TAXES. Show all posts
Friday, 29 April 2016
RENTING YOUR PROPERTY IN SPAIN TAXES
Do you have a property in Spain and you are renting some months per year or the all year?
If the answer is yes, you are oblied to declare your incomes for the rentals payments each month.
You need to contact your tax lawyer who will be able to inform you either you should declare the incomes each month, each 3 moths or once per year depending of your case.
Your lawyer will ask you as well for recipt of IBI payments, Community of owners, Home Insurance or mortgage payment in case it applies as you could deduct all these cost from your incomes.
Make sure you hire a registered in a Bar Association Tax Lawyer. Requesting his or her registration number provides you a guarentee in case something happens.
All lawyers in Spain are oblied to be registered at a Bar Association where is working.
Wednesday, 24 February 2016
SPANISH TAXES FOR NON RESIDENTS PROPERTY OWNERS IN SPAIN
non resident taxes lawyer spain
NON RESIDENTS TAX
1. If you are tax resident out of Spain but you own a property in Spain, you are non residents tax payer in Spain.
2. You should hire the service of a tax lawyer to submitt your annual non residents taxes.
3. In Spain the tax year starts in January and end in December.
4. Most of the Lawyers starts the non resident tax submissions around June of each year.
5. The amount to be paid is not much but it is compulsory to present each year. In case you do not submitt it on time you will be charge with a late submission charge which will increase per each day of late payment.
6. Your taxes will depend on the value of your property and it will be apply to differents amounts depending if you are EU resident or not.
7. These amounts change every year, therefore is very important to hire the service of an expert in non resident taxes.
8.As well it is important to know that each owner needs to present a tax declaration. Therefore if you own 50% of the property you will present your tax for your 50% of the property and the other owner needs to present his taxes for his shares in the property.
9.The cost of this service depends of the service provided.
The good service should be :
1) Informing of your duties, request the documents and help you to get them in case you do not have with you all by emails or telephone or meeting in your language.
2) Prepare all the calculations and provide to you all the information and resolve all your doubts.
4) The following year your lawyer will contact you to remain you the duty of tax payment.
10. We are expert in non residents tax law with large experience in non resident in Spain. We provide the best service in your languages and offer a good price for our quality service.
Other questions? Contact us at info@virginiaramos.com
1. If you are tax resident out of Spain but you own a property in Spain, you are non residents tax payer in Spain.
2. You should hire the service of a tax lawyer to submitt your annual non residents taxes.
3. In Spain the tax year starts in January and end in December.
4. Most of the Lawyers starts the non resident tax submissions around June of each year.
5. The amount to be paid is not much but it is compulsory to present each year. In case you do not submitt it on time you will be charge with a late submission charge which will increase per each day of late payment.
6. Your taxes will depend on the value of your property and it will be apply to differents amounts depending if you are EU resident or not.
7. These amounts change every year, therefore is very important to hire the service of an expert in non resident taxes.
8.As well it is important to know that each owner needs to present a tax declaration. Therefore if you own 50% of the property you will present your tax for your 50% of the property and the other owner needs to present his taxes for his shares in the property.
9.The cost of this service depends of the service provided.
The good service should be :
1) Informing of your duties, request the documents and help you to get them in case you do not have with you all by emails or telephone or meeting in your language.
2) Prepare all the calculations and provide to you all the information and resolve all your doubts.
3) Ask you for your taxes and his legal fee. Once is received, he will pay them for you and send you or give you the original confirmation of payment. This is very important to keep, in case the Tax office tries to request it again you could have the probe that it was paid.
4) The following year your lawyer will contact you to remain you the duty of tax payment.
10. We are expert in non residents tax law with large experience in non resident in Spain. We provide the best service in your languages and offer a good price for our quality service.
Other questions? Contact us at info@virginiaramos.com
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