Annual taxes Spain

July 1, 2009costa del sol information,Costa del Sol property2 comments

Up to 2008 all property owners in Spain were liable for two separate taxes every year, income tax and wealth tax. The good news is that the Wealth tax has been suppressed this year and therefore from 2009 on, both residents and non residents just have to pay income tax. In effect, any non-resident individual with a property in his/her name is subject to an Income Tax of 24% of 2 percent (or 1.1% if the cadastral value has been revised after 1994) of the valor catastral, the official rated value of their property.
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Costa del Sol cost saving measures

October 16, 2008costa del sol information,Costa del Sol Newsno comments

It appears that is these difficult times, many town halls all here on the Costa del Sol are a range of incentives and discount to help motivate us to pay our taxes, etc… This information is based on an article from the Sur in English from the 10th of October. I would recommend using the following information as a guide, contact you town hall directly and find out what other schemes are in place that by be a benefit.

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