Author Topic: Tax rate for 2016 taxes  (Read 1608 times)

Offline shabee

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Tax rate for 2016 taxes
« on: October 24, 2017, 11:54:43 am »
Hi, Can anyone tell me if the tax rate for form 210 for 2016 has been changed?
It was 24.75% and I think I read somewhere it was to change to 19% for 2016.

Thanks in advance

Shabee

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #1 on: October 27, 2017, 09:50:08 am »
It was 19.5% for 2015 and it is 19% for 2016.

Check your CV as it changed in 2016 in La Oliva so calculations have to take that into account. Although it changed and you should be using a reduced percentage of 1.1% as if the CV was reassesses in the last 10 years the Spanish tax authorities say you must use 2% as the Spanish land registry still shows La Oliva as being last assessed in 1993 (effective from 1994)).

Offline shabee

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Re: Tax rate for 2016 taxes
« Reply #2 on: October 27, 2017, 12:05:43 pm »
Hi beachlife,

Thanks for your reply. Our CV is the same as last year. We are in Caleta.

Regards,
Sharon

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #3 on: October 27, 2017, 13:40:17 pm »
http://www.catastro.meh.es/esp/ponencia_valores.asp

Just checked the Spanish land registry for Antigua and your assessment was last done in 2001 effective from 2002 so as it longer than 10 years you need to be using 2% not 1.1%. You may know this but thought I`d make sure you did.

Offline shabee

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Re: Tax rate for 2016 taxes
« Reply #4 on: October 27, 2017, 16:33:43 pm »
Oh Beachlife, I didn't know that, I've been using 1.1% every year!! Do you think I should do anything about it? 

Regards,
Sharon

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #5 on: October 27, 2017, 17:44:23 pm »
Don`t panic if you have not paid 2016 then redo the 210 form again and use the new validated one to pay for 2016.

If you do sell your property, the tax office may decide to include a penalty it will only be from 10 years before you sell. so that means if you don`t sell till 2026 then there will be no problem. However, the tax office may accept it as a genuine mistake if you have then started paying the 2% from 2016 until you sell the property. Even if there is a penalty as you have been paying something then the penalty amount I imagine will be not something to worry about.

This tax is before the European commission and being considered as an unfair tax and discriminating against European citizens. However the wheels of justice in Europe take a long time. You may even get a refund but don`t hold me to that.

If you are a UK citizen and Brexit goes ahead, I believe we will be back to a higher rate, think at least 24.5% but I`ll find that out when it happens and post on here if it changes.

Online Deso

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Re: Tax rate for 2016 taxes
« Reply #6 on: October 27, 2017, 17:49:22 pm »
What rate would you pay if your property in Antigua was only built in 2009?

Offline spitfire58

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Re: Tax rate for 2016 taxes
« Reply #7 on: October 27, 2017, 17:56:33 pm »
What rate would you pay if your property in Antigua was only built in 2009?

Good question Neil. Ours was 2007 or 8 as far as I know

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #8 on: October 27, 2017, 18:37:25 pm »
The CV is a land tax not based on when the property was built.

So if you bought in 2009 you would not have to pay the tax until 2010 and pay a pro rata amount for the months you owned using a rate of 1.1%, you would pay 1.1% for 2010/2011/2012 then from 2013 onwards you would pay the tax using 2% until Antigua has its CV re assessed.

So for Antigua anyone bought property before 2012 for the years before 2012 should have paid 1.1% and after that date should have paid 2%.

Offline shabee

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Re: Tax rate for 2016 taxes
« Reply #9 on: October 31, 2017, 12:03:28 pm »
Hi beachlife,

I've redone the forms and used the 2% & 19% rates.

Thanks so much for looking that up for me. You've been a great help. Your knowledge is endless.

I'll pay them at Christmas, it's good to have them done.

If there is anything you're missing from home and I can get in Ireland please let me know.

Regards,
Shabee

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #10 on: October 31, 2017, 18:12:08 pm »
De nada

Offline valiant

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Re: Tax rate for 2016 taxes
« Reply #11 on: November 20, 2017, 09:48:11 am »
Hi trying to fill in my non residents tax form, while I’m here in Fuerteventura . I usually have a company in the uk doing it for me. Big hike last year for some reason ,but told back to normal this year. I am non resident, and do not rent my property. Can anyone inform me of the percentages that I should be paying.   Company in uk have been calculating at 1.1% and at 24.75%  ( thought maybe it should have been 19%) thanks.

Offline spitfire58

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Re: Tax rate for 2016 taxes
« Reply #12 on: November 20, 2017, 10:29:42 am »
Hi valiant, just had ours done by a company in UK as well. It is 2% of the cadestral value on most properties now I believe & I think I saw it mentioned somewhere that it was 19% tax rate. HTH

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #13 on: November 20, 2017, 10:38:18 am »
Hi trying to fill in my non residents tax form, while I’m here in Fuerteventura . I usually have a company in the uk doing it for me. Big hike last year for some reason ,but told back to normal this year. I am non resident, and do not rent my property. Can anyone inform me of the percentages that I should be paying.   Company in uk have been calculating at 1.1% and at 24.75%  ( thought maybe it should have been 19%) thanks.

I have replied to you by private message.

Offline beachlife

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Re: Tax rate for 2016 taxes
« Reply #14 on: November 20, 2017, 13:34:33 pm »
Hi trying to fill in my non residents tax form, while I’m here in Fuerteventura . I usually have a company in the uk doing it for me. Big hike last year for some reason ,but told back to normal this year. I am non resident, and do not rent my property. Can anyone inform me of the percentages that I should be paying.   Company in uk have been calculating at 1.1% and at 24.75%  ( thought maybe it should have been 19%) thanks.

Ment to tell you that you can check the Spanish land registry by going to this link

http://www.catastro.meh.es/esp/ponencia_valores.asp

Select Las Palmas for the province and your municipality eg La Oliva, Antigua etc