What is the cadastral value of my property?
The cadastral value is the value that the Spanish administration gives to each property, based on data found on the land registry. Hence, it can be used as a pretty good estimate of the capital value of the property.
How can I find the cadastral value of my property in Spain?
The Law in Spain: Explaining the Catastral Value
To find out the catastral value of a property, simply check the amount listed on the IBI invoice or visit the catastral office, which should be located in your local town hall.
What are the pitfalls of buying property in Spain?
5 common pitfalls when buying a property in Spain
- Not having your registrations in place before the buying process. …
- Insufficient property research. …
- Not accounting for all of the costs involved in buying a house. …
- Not understanding your contract(s) …
- No preparation for future fees.
What taxes do you pay on property in Spain?
How much time do I have to pay the property taxes in Spain? Property tax (IBI) is paid by the purchaser once a year, which can be divided into several installments. The annual tax rate is 0.4 percent to 1.1 percent of the property’s cadastral valuation. This tax will be domiciled in Spain on your current account.
What cadastre means?
Cadastral data, also known as a cadastre, contains official, legal documentation concerning the quantity, dimensions, location, value, tenure, and ownership of individual parcels of land.
Is there a land registry in Spain?
The Spanish Land Registry (Registro Catastral) is an official database that lists the owners of individual properties. It should be updated every time a property is sold and changes hands, thus protecting ownership rights and avoiding the possibility that a property could be sold twice.
Why do we need cadastral survey?
A cadastral survey is needed when you want to establish a new property, define the borders of a property or change the rights related to a property.
Can you be resident in Spain but not tax resident?
If you spend more than 183 days per year in Spain (6 months), you will be regarded as a tax resident. On the other hand, only living from 1 to 182 days in the country will imply you are a non-resident. … So, as you can see, you can have the residency in Spain and still be considered a non-resident.
What is Plusvalia tax Spain?
What is the plusvalia tax in Spain? The plusvalía is a local (municipal) tax charged by the town hall on properties when they are sold. … The base for this tax is the valor catastral (an administrative value that is usually lower than the market value, sometimes considerably so) of the property.
How do I pay tax in Spain?
If you are a Spanish tax resident, consult and fill out Form 100 (Modelo 100) in order to make a Spanish income tax declaration. To apply to pay income tax as a non-resident of Spain, use Modelo 149. You can then make your income tax declaration on Modelo 150.
How do I find my cadastral reference?
The cadastral reference appears in all documents with tax implications related to the property. Therefore, you can find it: On the IBI tax bill, even if it corresponds to a previous year. On the deed of sale.