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Do you have a query on how to get things done in Andalucia, where to find things, who to call? Find out by posting and hear about others experiences.
anyroads
Andalucia Guru
Posts: 2123
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

Postby anyroads » Wed Sep 20, 2006 9:43 pm

Thanks Sid,

I am not however familiar with the word "catastral", however doing the sums, if I buy a place for EUR 150,000 say, my tax will be EUR 750 ?
(with no offsets)

Anyroads

El Cid
Andalucia Guru
Posts: 15025
Joined: Sun Oct 24, 2004 10:42 pm
Location: La Herradura, Costa Tropical, Granada

Postby El Cid » Wed Sep 20, 2006 9:48 pm

The catastral value is usually a lot less than the price that you will pay for the property so the tax may well be less than you think.

Sid

Beachcomber
Andalucia Guru
Posts: 10284
Joined: Tue Jun 15, 2004 11:11 pm
Location: Guadalhorce Valley

Postby Beachcomber » Wed Sep 20, 2006 10:29 pm

This difference is gradually being eroded by revaluations being carried out by some coastal municipalities.

We have a friend with an ageing two bedroomed apartment in Fuengirola the valor catastral of which has rocketed from about €35.000 to over €150.000 which is virtually its market value in the current climate. We though this may have been an error but the increase has been applied to every property in the municipality.

This does mean that when calculating the non-resident income tax (or resident income tax on a second property) a percentage of 1,1% is applied to the valor catastral rather than 2% as it does on any property where a revaluation has been carried out since 1994 but a cut of less than 50% does not compensate for a nearly 500% increase in the valor catastral.

anyroads
Andalucia Guru
Posts: 2123
Joined: Tue Apr 04, 2006 8:53 pm
Location: Hampshire, UK, Lebrija

Postby anyroads » Thu Sep 21, 2006 12:13 am

Thanks Sid / Beachcomber.

I know a bit more about this now.

anyroads.


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