The Property Taxes in Mallorca
Before you decide to settle in Spain , you should obtain expert advice regarding Spanish property taxes. The Spanish tax system is complicated. It is not so much the level of taxes that is burdensome as the number of different taxes for which individuals are liable. Taxes are levied by three tiers of government in Spain : central government, autonomous regional governments and local municipalities.
Most taxes in Spain are based on self-assessment, meaning that individual taxpayers are liable to report and calculate any tax due within the time limits established by law . Tax forms can usually be purchased from a tobacconist´s (estanco), although some are available only from tax offices (agencia tributaria).Late payment of tax bill usually incurs a surcharge of 20 per cent. Note that there is a five-year statute of limitations on the collections of taxes-if no action has bee n taken during this period to collect unpaid tax, it cannot be collected.
FREE ADVICE
You can get free advice from the information section (servicio
de información al contribuyente) at your local provincial
tax office in Spain, where staff will answer queries and assist
you in completing your tax declaration ( but won´t complete
it for you). Some offices, particularly those in res ort areas,
have staff who speak English. Find the best Mallorca
Property
The tax office provides a telephone information service (0034 901 335 533). If you need information about income tax and VAT refunds or need to order tax labels, there is also an au tom atic telephone service ( 0034 901 121 224 ) . The fax office has a web site ( www.aeat.es ), but few pages are in English so you will need to speak Spanish to understand most of it.
Free Property Tax Advice in Mallorca: Mr. Julio Morell Cuesta_ +34 971 71 94 09 Independent Tax Advisors in Palma City.
Looking for the best spanish mortgage rates?
More about Financing the Spanish Property
For property viewings, enquiries please contact us at:
+34 971 86 77 00 / +34 971 53 22 21
|
