Non resident taxes
Hello everyone,
I would like to ask if i need to pay non resident taxes if I have a property here, but I don't rent it yet? Thanks for any answers
Hello everyone,
I would like to ask if i need to pay non resident taxes if I have a property here, but I don't rent it yet? Thanks for any answers
Yes you do need to pay taxes even though you do not rent your property out.
Posted: Wed Jun 5, 2019 8:14pm
Helpful member
Yes i'm afraid you do
Yes you di
Posted: Thu Jun 6, 2019 9:02am
Super helpful member
go and see a gestor to sort out your non resident tax ...it wont be very much!
Advertisement - posts continue below
Posted: Sun Jun 9, 2019 2:45pm
Looking ahead, should you rent the property out you will also be subject to U.K. income tax on the rental income (though only the difference once the Spanish tax has been deducted).
Posted: Sun Jun 9, 2019 3:12pm
Super helpful member
you only pay income tax once...in your country of residence....,no double taxation.
Posted: Mon Jun 10, 2019 11:45am
Colwill31 wrote on Sun Jun 9, 2019 2:45pm:
Looking ahead, should you rent the property out you will also be subject to U.K. income tax on the rental income (though only the difference once the Spanish tax has been deducted).
My understanding is that if you are not resident in Spain then you pay the Spanish authority but also your national authority any difference between that NRT and that which would apply under your domestic authority’s tax system.
Yes you do unfortunately. Our Classico costs around €100 pa but split between my wife and myself as we are both named on the deeds. I got Spanish Tax Forms to do it for me first time (£29) but have done it myself last year using their form as guidance 😀
Posted: Wed Jun 12, 2019 12:25pm
My lawyer told me everyone, even if Spanish must pay a non-resident tax on a property they do not live it.
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Cálida.