Showing posts with label December. Show all posts
Showing posts with label December. Show all posts

Friday, December 11, 2009

Non residents tax warning


The tax authority is now closing in on non resident property owners who are not presenting there annual tax returns and payments, the tax authority has linked with the land registry system and knows who owns every property, resident and non resident in Spain, every property owned by a non resident is taxable as income even if you don’t rent it out,The tax declaration and payment for 2008 has a deadline of December 2009, late declaration and payment incur a fine, ignorance of the law is not accepted as a reason for non payment, Property and bank accounts can be embargoed until back taxes are payed in full.
It is important to realize this is an income tax on your property, and is separate from and and in addition to the local tax IBI/SUMA which is an annual payment on the actual bricks and mortar, It does not relate to income in terms of your wages and pensions,but only to property ownership.

Tuesday, February 24, 2009

Whats with the electricity bills


I am hearing complaints about electricity bills from around the region,it appears that the bills are now being charged monthly but the meters read every two months this has resulted in the estimated month being low and the "read" month being a high bill, on top of this an excess surcharge will be charged for higher usage, also electricity prices have also risen in general.
We have not recieved a bill since Mid December so wait with bated breath for it to arrive.