Tax Spain Questions and Answers
Tax in Spain is very important to ex-pats from the UK. Whether resident or non-resident, there are implications to be considered, particularly if you buy property or have savings and investments. More information is on my website through the link above. But feel free to post a question here
Surely someone must have a question??
I HAVE LIVED IN SPAIN FOR 5 YEARS, OWN MY HOUSE ME AND MY SPOUSE, PAY MY TAXES, IF ANYTHING HAPPENED TO ANYONE OF USE DO WE HAVE TO PAY ANY TAXES AND WHAT HAPPENS IF WE HAVE TO PAY IF WE DO NOT HAVE ANY MONEY BUT OUR PENSIONS
WE HAVE LIVED IN SPAIN MY HUSBAND AND I FOR 5 YEARS, WE OWN OUR HOUSE AND WE ARE RESIDENTE WE ARE STRICTKY LEGAL MY SPANISH STANDARDS, MY HUSBAND IS A PENSIONER, I AM 2 YEARS OF RETIREMENT AND UP TO THIS POINT I AM ON INCAPACITY
BENIFIT, WHAT HAPPENS IF ONE OF US DIE DO WE HAVE TO PAY TAXES
Dear Jan
If you have not registered as fiscal (tax residents) in Spain the survivor will have a tax bill based on 50% of the value of the property. If you have registered then there will be a reduction of 99% on the amount payable, which will be a nominal sum. I will need more information to advise you of the figures
dear sir
we have lived in fuerteventura canary islands for 5 years and own our property outright. i am 65 and my wife is 61. we both have residencia cards but are not registered as fiscal residents.can you please clarify whether we will pay capital gains tax on the sale of our house also our inheritance tax liability
many thanks
derek and cilla cross
If Fuerteventura falls under Agencia Tributaria rules from Madrid, then as “non fiscal residents” Capital gains tax will be payable on sale of your main residence. Additionally on first death IHT will apply to the value of the deceased partner’s half of the property, less any loans/mortgages on the property.