Category : Non-residential

Financial Taxation Non-resident News Real Estate Resident

IBI-SUMA CADASTRE TAX 2023

By dneutiens@segurantis.com

Every owner of a property in Spain (a house, garage, shed, plot of land,...) must pay the annual property tax, better known in Spanish as the Impuesto sobre Bienes Inmuebles (IBI). Per separate cadastre number (this is the registration number of your property), a percentage of property tax will be levied annually. The IBI applies to anyone who owns a home or other type of property in Spain.

The amount of the IBI is set by the municipality of the place where the property is located and is calculated on the cadastral value (valor catastral) of the property. If you have a home in Madrid but also a country house on the coast, both properties will be subject to a property tax, which may differ in assessment rate. The amount of the tax is subject to change.

It is not unusual for sometimes significant increases in the valor catastral to occur as municipalities strive to bring the valor catastral closer to the real market value of the property. More and more municipalities are revising cadastral values.

Most municipalities usually send out this annual tax assessment between June and October , showing the amount payable and the cadastral value along with the property number. It is best to check with your own municipality when the payment is due. This assessment can be paid in person at the municipality (especially the first time) after which one can order that this can be automatically withdrawn from the bank account in the future. Those who have an automatic order drawn up will be notified annually in advance (nowadays by email) about the tax to be paid, from which account it will come and when it will be withdrawn.

It happens in many municipalities that at the same time as the IBI assessment they also send an assessment for paying the tax for garbage collection (recogida de basuras). In addition, owners of parking lots may receive a separate assessment for the cadastral value of that parking lot or you may receive a separate assessment for having plants in your yard.

So you no longer need an intermediary to pay this tax. Many law firms or gestors charge you extra to keep this in order for you annually while this can be paid automatically. Through the IBAN, your international account number for payments across borders, you can perfectly have these taxes paid automatically every year through your bank account in your country of residence.

Taxation Non-residents News

The annual NON-RESIDENTIAL, also known as the MODEL 210

By dneutiens@segurantis.com

If you are non-resident in Spain and you have a property (-men), you must file the non-resident declaration (model 210). This tax declaration/obligation must be done once per calendar year and is calculated on the number of days you owned the previous calendar year. The declaration must be filed and paid between January 01 and before December 31. If you are renting then other tax obligations apply.

Depending on the value of the property (calculated on the cadastral value), you will have to pay a corresponding tax,the annual non-resident tax. So this is NOT the IBI or SUMA (!). The IBI or what is sometimes incorrectly called the SUMA is a cadastral tax that must also be paid annually and is levied on the property itself. The non-resident tax is a tax that affects the owner(s) of the property (property = home, garage, storage room, ... anything with a cadastral reference).

Each owner must make this declaration accordingly according to his % share owner. For example a married couple is usually 50%-50% owner, so 2 declarations. For example, if you are 4 owners (2 parents and 2 children who each own a share) then you will have to declare 4 according to the ratio of your property in the whole. This declaration is then made per head per property (the more property you have as a non-resident, the more declarations you will have to make and pay the tax due on it).

Segurantis will begin this campaign in September - October and will contact you if you have already reported wanting to use our service. If you are new and would like to run this service through us please contact us via email info@segurantis.com.

Taxation Non-residents News

MODEL 210 - NON-RESIDENT TAXES-2022

By dneutiens@segurantis.com

If you are a non-resident in Spain and you own property (-men), you must file the non-resident tax return(model 210). This tax declaration/obligation must be done once per calendar year and is calculated on the number of days you owned the previous calendar year. The declaration must be filed and paid between January 01 and December 31.

Depending on the value of the property (calculated on the cadastral value) you will have to pay a corresponding tax, the annual non-resident tax. So this is NOT the IBI or SUMA, the IBI or SUMA is a land registry tax that must also be paid annually and is levied on the property itself. The non-resident tax is a tax that affects the owner(-s) of the real estate (real estate = house, garage, shed, ... anything with a cadastral reference).

Each owner must make this declaration accordingly according to his % share owner. For example a married couple is usually 50%-50% owner, so 2 declarations. If, for example, you have 4 owners (2 parents and 2 children who each own a share) then you will have to make a declaration according to the proportion of your property in the whole. This declaration is then made per head per property (the more property you have as a non-resident, the more declarations you will have to make and pay the tax due on it).

Segurantis can take care of this and if you wish please let us know.

Readability:

Taxation Non-residents News Resident

Fiscal calendar 2022

By dneutiens@segurantis.com

As every year, in the first weeks of the new year, we publish the tax calendar/agenda with important dates for both residents and non-residents. Always keep in mind that each personal situation has to be looked at separately, but roughly speaking, below are the most important dates to put in your agenda.

Important dates non-residents

  • Non-residence tax 2021 throughout calendar year 2022 if you do not rent out the property - Segurantis launches campaign in September
    • If you do rent out the property, you must submit a declaration per quarter rented out and before the 15th following the quarter.
  • Wealth tax: if the deed of sale exceeds 700,000 euros (we take this as a reference amount but it can vary from one autonomous region to another) - at the latest on 30 June

Important dates for both residents and non-residents

  • Property tax - IBI - (always consult your local authorities for the exact dates):
    • Alicante region during the period March/June
    • Murcia Costa during the period April/September
    • Townhouses in Murcia during the period May/June
    • Torrevieja, Guardamar, Santa Pola, Rojales, Orihuela, Orihuela Costa, Los Montesinos, Gran Alacant, San Miguel de Salinas, Castalla, Muchamiel, Benidorm, Villajoyosa, Altea, Calpe, etc. (SUMA) during the period July/August/September
    • Second period for town houses in Murcia and country houses in September/October
    • Málaga region in June/July/August
  • Road tax - IVTM - (always consult your local authorities for the exact dates)
    • Between 7 March and 10 May
    • Also the private parking signs for your driveway
  • Dirt collection fees, garden planting fees, etc. may or may not apply in each municipality.

Important dates for residents

  • Foreign capital - Model 720 - between 01 January and before 31 March of the current calendar year
  • Income declaration 2021 - Model 100 - between 01 April and before 30 June of the current calendar year
  • Wealth tax - Model 714: if your wealth (domestic + foreign) exceeds 700,000 euros (we take this as a reference amount but it can differ from one autonomous region to another) - before 30 June of the current calendar year

What can Segurantis do for you?

Go to the overview of our services.

Non-residents News Resident Traffic

Traffic fines in Spain

By dneutiens@segurantis.com

Traffic fines in Spain and how to pay them

If you are travelling through Spain by car, motorhome or moped, you are expected to know the country's traffic rules. Largely, the rules are the same across the EU with a few exceptions. A bigger difference is the fines which can vary from country to country.

The most common fines in Spain for foreigners are those for speeding and parking. But also the use of the mobile phone or operating digital devices (such as the GPS) while driving are increasingly and more severely punished.

If you receive a fine, you will have a 50% discount if you pay the fine on the spot or within a period of 20 days. Please note that not all fines have this preferential rate and repeat offenders do not receive this discount.

If you do not live in Spain but are on holiday there and have broken a traffic rule, you are likely to receive a fine in your home country. The national authorities cooperate and will provide data if Spain requests it. A debt collection agency will also be involved if the traffic offender refuses to pay the fine.

Fines can be paid via the DGT (Dirección General de Tráfico) online portal or if your municipality works with the SUMA, you can also go there for your traffic fines.

Drivers with the Spanish driving licence can also lose points on the driving licence. The fines start at 100 euros per offence and can quickly rise to 1000 euros with imprisonment and loss of driving licence.

Paying fines online:

https://sedeapl.dgt.gob.es:7443/WEB_IWPS5_INET/jsp/sincertificado/index.jspx?indexIdioma=es

What can Segurantis do for you?

Go to the overview of our services.

Taxation Non-residents News

Non-residential tax - M210 - 2021

By dneutiens@segurantis.com

THE ANNUAL NON-RESIDENT TAX ALSO KNOWN AS THE 210

If you are a non-resident in spain and you own a property (-men), you have to file the non-resident tax declaration(model 210). This tax declaration must be made once per calendar year and is calculated on the previous calendar year. The declaration must be filed and paid between 01 January and before 31 December.

Depending on the value of the property (calculated on the land register value) you will have to pay a corresponding tax, the annual non-resident tax. This is NOT the IBI or SUMA, the IBI or SUMA is a land registry tax that also has to be paid annually and is levied on the property. The non-resident tax is a tax that affects the owner(s) of the property.

Each owner must do this accordingly according to his % share of ownership. For example a married couple is usually 50%-50% owner so 2 declarations. For example, if there are 4 owners (parents and 2 children, each owning a share), then 4 will have to make a declaration according to the proportion of their property in the whole.

We can take care of this for you and if you wish please read the instructions below.

What do we need?

Documents:

  • Copy of the NIE and PASSPORT / IDENTITY CARD of ALL owners  
  • Copy of the deed of ownership (-men) (this is called the escritura)
  • Your permanent address (outside Spain)
  • The last SUMA note(s)
  • Spanish bank account / Foreign account with IBAN and BIC

For those who have already made a declaration through us, please send ONLY the latest SUMA ticket(s). Please let us know if there are any changes in your situation.

Deadline - the latest date on which we will submit your file:

  • On 30 November we will close the files
  • On 15 December we will submit the final files

IMPORTANT

If you would like the payment to be made by automatic order through your bank account (only possible through a Spanish account), please provide sufficient provision on your account so that the automatic payment made at the turn of the year can be made correctly. If you no longer have a Spanish account, we will ask you to transfer the amount due to our company account so that we can settle it.

If you would like us to take care of this task for you, go to the contact form to submit your request:

What can Segurantis do for you?

Go to the overview of our services.

Taxation Non-residents News

Declaring your foreign property

By dneutiens@segurantis.com

The Belgian tax authorities have new rules regarding your foreign property

If you have indicated your property abroad in your last personal income tax return, you will have to declare this property again this year but will have to provide additional information. This is due to a change in the law regarding the taxation of this income.

If you own one or more immovable properties abroad on 01/01/2021, in whole or in part, you must declare them before 31/12/2021. How to declare these goods is explained on the website of the Federal Public Service Finance, of which you will find the link below.

It is important that you pay attention to the following facts:

  • A declaration must be filed per good or group of goods
  • Goods held in community each have to be declared separately
  • Goods that are disposed of must be reported by return post or by e-mail.

For more information, consult the website of the Federal Public Service Finance: https://financien.belgium.be/nl/particulieren/woning/kadaster/kadastraal-inkomen/kadastraal-inkomen-van-het-buitenland-gelegen

What can Segurantis do for you?

We assist customers in completing their non-resident tax returns. If you need more information, please contact us.