Weath tax for non residents

We have been asked recently about the wealth tax which is a tax put on all properties owned by non residents of Spain. Many of you will have been paying this for the last three years but some have not. As with all things Spanish if you do not pay on time there will be charges and penalties and in the case of wealth tax we have been told that they are substantial. If you have a solicitor or fiscal rep and you have not paid this tax please contact them a.s.a.p and they will look into it for you. For those who have no solicitor or fiscal rep I have looked into the matter and to the best of my knowledge have come up with the following. Please note that this is for information only and nothing to do with the Community, also be aware that as everything changes in Spain and sometimes overnight some of the information or figures may have changed. If anyone has any more up to date information please pass it on.
WEALTH TAX FOR NON RESIDENTS

As a non Resident you are liable to pay a Wealth Tax, every year, non payment is subject to penalties and interest charges. The tax is in two parts, one part is on the amount you paid for your apartment and the second part is on the rateable value, on the assumption that you receive some rental income from it). If you are a non resident and you have a Solicitor or Fiscal rep. please contact them over this issue
The tax is paid between the 1st of January and the 31st of December of the year following purchase and must be paid to the Agencia Tributaria (Tax Office). I understand that the nearest one is in Orihuela (Avenido Obispo Rocamora), although please check as with everything Spanish this is likely to have changed .
The Tax Office in Orihuela is easy to find. As you enter the town you go under bridge and approach a roundabout. At the roundabout take the third exit to the left. The fourth and last exit is no entry. The tax office is about 200 yards down the street on the right hand side. Drive past and you come to some traffic light, go straight over and past a small square on your left. Turn in to the underground car park on your right, which is next to the river. When you come out of the car park, walk back to the traffic lights, straight over and the Tax Office is about 100 yards down the street, now on your left. Avoid going on Market day

The payment is made using a triplicate form, know as Form 214. You must go to the Agencia Tributaria, to obtain identity stickers (Tarjetas), so the Form 214 can be bought there at the same time. The forms cost 50 cents each (this may have changed) and come in an envelope, that is used to post one copy to the Agencia Tributaria. The identity stickers contain your name, your NIE number and a bar code to identify you and your form
When you have completed the Form 214, you stick an identity sticker on the top. You then take it to a bank and pay the money there. They give you one copy, keep one for themselves and send the third in the envelope, with another identity sticker on, to the Agencia Tributaria
To complete the Form 214 you will need:
1. Your NIE number. Mine begins with an X, followed by about 6 numbers and ends with another letter. Your solicitor should have your NIE number, as it is required to buy a property.
2. The amount that you paid for your house on the Escritura (Deeds)
3. The rateable value (Valor Catastral) that is shown on the rates bill that you get/pay to SUMA. In the first year when you may not have a Valor Catastral you can calculate this part of the tax by also using the Escritura, but the amount comes to much more
You can download a copy of the Form 214 to look at, in pdf format. Print it out and fill it in, it will make it easier for you to follow the calculations. The Form 214 will print out as THREE pages, you only complete the FIRST page as the others are completed as they are carbonised


Assuming an Escritura value of 100,000 Euros and a Rateable Value of 20,000 Euros

Delegacion de = Alicante
Administracion de = Orihuela
Ejercicio = Year that the Tax Return is for eg 2004
NIF = your NIF number
Apellidos y Nombre = your surname and first name in that order
Direccion a efectos de notificiones……. URB Sol Golf 1 Pau 8
Numero = house number
Codigo postal = post code - 03189
Municipo = Orihuela
Provincia = Alicante
WEALTH TAX SECTION
Valor - 01 = 100,000 (Escritura Value)
Duedas - 02 = 0.00 (This figure would be any outstanding mortgage or debts on the property, which would reduce your tax burden)
Base imponible y liquidable - 03 = Figure 01 minus 02, with no debts this would be 100,000
Resto - al % = 0,20 (This is the tax rate of 0.2%) Then 200.00 in next box on right, also 200.00 underneath for Suma – figure reached by 100,000 x 0.2%
Cuota Integra. Impuesto Patrimonio - 04 = 200.00 (This is 200 Euros wealth tax on the value of your property)
IMPUTED RENT SECTION
Base imponible – 05 = 220 this figure is reached by 20,000 x 1.1% (The tax`rate)
Tipe de Gravamen = 25% of the above amount, so in the box at 06 this would be 55– this
is 25% of the 220 figure above
Total a ingresar = 255.00 – which is amount in 04 + 06
Next section your address details again
Referencia Catastral – this reference number is on your IBI form
Next section would be filled in by your representative if you were using one
Fecha = date
Firma = signature
Place a Cross in the forma de pago box
Importe = the amount eg 255.00

REMEMBER
1. If your property is in joint names then the two figures above Escritura (100,000) and Rateable Value (20,000) must be halved and you must fill in TWO Form 214's - one each
2. You recieve about 20 sticky identity labels, so buy several Form 214's, and next year the Rateable Value will have increased slightly, and you can fill the forms in, stick on the labels and take it to the bank without visiting Orihuela. So while the first time may be a bit traumatic you will be able to DIY for years to come
3. You should use the Rateable Value for the year that you are making the tax submisson for
4. The Tax Office in Orihuela is easy to find. As you enter the town you go under bridge and approach a roundabout. At the roundabout take the third exit to the left. The fourth and last exit is no entry. The tax office is about 200 yards down the street on the right hand side. Drive past and you come to some traffic light, go straight over and past a small square on your left. Turn in to the underground car park on your right, which is next to the river. When you come out of the car park, walk back to the traffic lights, straight over and the Tax Office is about 100 yards down the street, now on your left. Avoid going on Market day
When you enter the office there is a large open area with tables and chairs for completing your forms. To your right is an information desk where you can buy the Form 214. In front of you is a corridor and just to the left of the entrance to the corridor is the desk where you ask for the sticky labels (Tarjetas) to be printed