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Property owned in
Spain by non-resident individuals.
If the owner is a non-resident individual, both wealth tax and personal income tax are levied on the real estate. Wealth tax is levied on the value of assets situated in Spain, the tax rate is progressive and varies from 0.2% up to 2.5%. If the real estate is privately used by an individual owner, a tax of 25% of 2% of the catastral value of the real estate is payable on the owner’s deemed income. We know all this? Do you? Call us today and we will take care of all your tax planning. click to contact us |
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