British Expats
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British Expats (https://britishexpats.com/forum/)
-   Spain (https://britishexpats.com/forum/spain-75/)
-   -   home ownership (https://britishexpats.com/forum/spain-75/home-ownership-928091/)

markan Sep 24th 2019 5:00 am
home ownership
 
Hi, would anyone know what the cost of non resident tax is on owning a Spanish property. this is if the home is left empty and not rented out.
Thanks Markan

bobd22 Sep 24th 2019 7:14 am
Re: home ownership
 
Originally Posted by markan (Post 12739485)
Hi, would anyone know what the cost of non resident tax is on owning a Spanish property. this is if the home is left empty and not rented out.
Thanks Markan
There is no set figure it is based on a calculation from the Valor catasteral of the individual property . Cost for my property is 60 euros per year.

markan Sep 24th 2019 7:36 am
Re: home ownership
 
Thanks bobd22, good to know as I don't want lots of surprise costs thrown at me.

bobd22 Sep 24th 2019 9:34 pm
Re: home ownership
 
Originally Posted by markan (Post 12739555)
Thanks bobd22, good to know as I don't want lots of surprise costs thrown at me.
I will add that our property is only a small village house , region and size will have a bearing on non resident tax.

Kenwoodlad Sep 25th 2019 2:57 am
Re: home ownership
 
Our catastral value is about €18,000. The annual non-resident tax is €25. Small village house near Gandia.

spainrico Sep 25th 2019 3:24 am
Re: home ownership
 
Surely it is a better plan to check these issues out before buying a property.

bolton wanderer Sep 25th 2019 3:43 am
Re: home ownership
 
Originally Posted by markan (Post 12739485)
Hi, would anyone know what the cost of non resident tax is on owning a Spanish property. this is if the home is left empty and not rented out.
Thanks Markan
We've just paid ours at the bank after printing off the forms. Our 3 bed apartment & parking space came to just less than €100 (€50 each). 12 forms total, signed & dated, how the Spanish love their paperwork!

However, I can live with the non-resident tax, it's the €32 per month for the electricity standing charges that gets me.

jonboy Sep 25th 2019 9:59 am
Re: home ownership
 
Originally Posted by bolton wanderer (Post 12740006)
We've just paid ours at the bank after printing off the forms. Our 3 bed apartment & parking space came to just less than €100 (€50 each). 12 forms total, signed & dated, how the Spanish love their paperwork!

However, I can live with the non-resident tax, it's the €32 per month for the electricity standing charges that gets me.
The bank charges for a non resident are also an unwelcome expense!

bolton wanderer Sep 25th 2019 7:58 pm
Re: home ownership
 
Originally Posted by jonboy (Post 12740230)
The bank charges for a non resident are also an unwelcome expense!
Check out N26 open bank. https://n26.com/en-es/bank-account

We opened an account a few months ago and moved all our direct debits to them. We've just checked that they're all being paid and working OK, very happy. We'll be closing our non resident "key" account with Sabadell this week and saving ourselves €140 per year in fees. (We've just paid our non resident taxes into Sabadell before we close the account)

One thing to note is that you need a Spanish address to receive the debit card, which comes very quickly. We used a mail drop at a local card shop.
If you want more details please ask.

bobd22 Sep 25th 2019 11:10 pm
Re: home ownership
 
Originally Posted by jonboy (Post 12740230)
The bank charges for a non resident are also an unwelcome expense!
I think the charges for non resident bank accounts are currently changing. I received a letter saying that now once submitted it stays in force until you declare otherwise? I didn't pay that much attention but I'm sure that's what it said this letter was received around 2 months ago.

bolton wanderer Sep 26th 2019 7:58 pm
Re: home ownership
 
Originally Posted by bobd22 (Post 12740404)
I think the charges for non resident bank accounts are currently changing. I received a letter saying that now once submitted it stays in force until you declare otherwise? I didn't pay that much attention but I'm sure that's what it said this letter was received around 2 months ago.
Since early this year the banks have to offer a basic low cost account for all EU citizens. They won't automatically move you to the cheaper account and my bank, Sabadell, has an interesting "catch 22" for existing account holders. To open the new cheaper account you have to declare that you have no other account in Spain.

https://www.bancsabadell.com/cs/Sate...0034843962/en/

"To sign up for this account, the holder must sign the account contract in a branch of Banco Sabadell and declare that he or she does not hold another payment account in Spain. "

Barriej Sep 27th 2019 2:47 am
Re: home ownership
 
Non residents tax is for EU citizens a set percentage of 19% of the catastral value of the property. Here in Polop its 1.1% for a non EU citizen (UK after 31st Oct) its 24%

So on a value of 100k 1.1% is 1100€ and 19% works out to 209€ a year.

As to bank charges I pay €8 a month with Santander Spain but its free if I pay in €600 a month and have 2 DDR's

jonboy Sep 27th 2019 7:04 am
Re: home ownership
 
Interesting about the Sabadell offer, depending how the B word pans out I may well look at the account. I guess that if it is a joint account then it will be two lots of account charges plus their fee for notifying the authorities that we are foreigners that hold the account.

expat8888 Nov 23rd 2019 3:53 am
Re: home ownership
 
Originally Posted by bolton wanderer (Post 12740323)
Check out N26 open bank.
We opened an account a few months ago and moved all our direct debits to them. We've just checked that they're all being paid and working OK, very happy. We'll be closing our non resident "key" account with Sabadell this week and saving ourselves €140 per year in fees. (We've just paid our non resident taxes into Sabadell before we close the account)

One thing to note is that you need a Spanish address to receive the debit card, which comes very quickly. We used a mail drop at a local card shop.
If you want more details please ask.
Hi, great to hear, I am interested in N26, but as "non-resident"? Is this allowed? I understood that they ask where you are tax-resident, and that you need to give Tax-ID. Can you provide a Tax-ID from another country as Spain, or are you not accepted in this way, so you need to provide the NIE (as if you are resident in Spain)?

Thanks for more details on this :-)

EsuriJohn Nov 23rd 2019 6:34 am
Re: home ownership
 
Originally Posted by jonboy (Post 12741121)
Interesting about the Sabadell offer, I guess that if it is a joint account then it will be two lots of account charges plus their fee for notifying the authorities that we are foreigners that hold the account.
We have that account jointly between five of us the last time they charged that fee it had gone up to €42 per person which every 2yrs is quite a lump. We have the required 2 DD’s and pay in €600 per month my state pension every four weeks.

I understand that the true cost of the non-resident certificate is around €6 so that is a nice line of profit since I have no doubt it is all computerised and automated. Also since we set up the account 2 of us have become resident so do not need the expensive non-res cert! The account services our mortgage and they insist that we must keep it open until the mortgage is fully paid so they have us by the short and curlies. They always find a way to extract the urine


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