Cadastral Value

Posted: Sun Oct 9, 2022 10:37am

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Allank

Posts: 105

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Location: Playa Flamenca

Joined: 30 Nov 2018

Can anyone advise me on a bit of understanding about property cadastral values. On my Suma Invoice its says this.

VALOR CAT./BASE IMPONIBLE: 30924,57 CUOTA INTEGRA: 214,93

I was looking to confirm my cadastral value and so that looks like it might be 30924,57. However my solicitor when she did my non resident taxes last year used a figure of 618,49.

I can see that if I multiply the figure on my invoice by 2 giving 61849.14 and divide that by 100 it gives me the figure 618.49 rounded.

So the figure my solicitor used is 2% of what is on my invoice. Can anyone tell me what my cadastral value is for the purposes of my non resident tax. (I have no rental income so its just the imputed rental value)

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Posted: Mon Oct 10, 2022 10:01am

Kimmy11

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Location: Formentera Del Segura

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Posted: Mon Oct 10, 2022 10:01am

Hi Allank,

Non-resident income tax is calculated by applying a flat rate of 24% (prior to Brexit, the rate was 19%) to either 1.1% or 2% of the Cadastral value, depending on when the valuation was last made. For the tax years from 2015 onwards, the percentage is 1.1% if the Valor Cadastral has been updated in the previous 10 years; otherwise, it's 2%.

So if your Cadastral value is €30.924,57, the calculation would be:

€30,924.57 x 2% = €618.49, then

€618.49 x 24% = tax payable of €148.44

This amount is for the property, not per person, so even if you own the property jointly with others and each joint owner has to submit an individual Modelo 210 for their percentage share, the total tax for the year is €148.44.

Kind regards,

Kim

Posted: Mon Oct 10, 2022 2:33pm

Allank

Original Poster

Posts: 105

33 helpful points

Location: Playa Flamenca

Joined: 30 Nov 2018

Posted: Mon Oct 10, 2022 2:33pm

Kimmy11 wrote on Mon Oct 10, 2022 10:01am:
Hi Allank,
Non-resident income tax is calculated by applying a flat rate of 24% (prior to Brexit, the rate was 19%) to either 1.1% or 2% of the Cadastral value, depending on when the valuation was last made. For the tax years from 2015 onwards, the percentage is 1.1% if the Valor C...

Read more...

...adastral has been updated in the previous 10 years; otherwise, it's 2%.
So if your Cadastral value is €30.924,57, the calculation would be:
€30,924.57 x 2% = €618.49, then
€618.49 x 24% = tax payable of €148.44
This amount is for the property, not per person, so even if you own the property jointly with others and each joint owner has to submit an individual Modelo 210 for their percentage share, the total tax for the year is €148.44.
Kind regards,
Kim

Thank you. Perfect

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Posted: Mon Oct 10, 2022 8:27pm

Allank

Original Poster

Posts: 105

33 helpful points

Location: Playa Flamenca

Joined: 30 Nov 2018

Posted: Mon Oct 10, 2022 8:27pm

Kimmy11 wrote on Mon Oct 10, 2022 10:01am:
Hi Allank,
Non-resident income tax is calculated by applying a flat rate of 24% (prior to Brexit, the rate was 19%) to either 1.1% or 2% of the Cadastral value, depending on when the valuation was last made. For the tax years from 2015 onwards, the percentage is 1.1% if the Valor C...

Read more...

...adastral has been updated in the previous 10 years; otherwise, it's 2%.
So if your Cadastral value is €30.924,57, the calculation would be:
€30,924.57 x 2% = €618.49, then
€618.49 x 24% = tax payable of €148.44
This amount is for the property, not per person, so even if you own the property jointly with others and each joint owner has to submit an individual Modelo 210 for their percentage share, the total tax for the year is €148.44.
Kind regards,
Kim

With your help I managed to complete form 210 but is it possible for me as a non resident to make the payment.

I went on to the payment site and put in my NIE but it wanted a "supporting reference". I wouldn't accept the receipt no so I'm stuck

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Posted: Mon Oct 10, 2022 9:38pm

Kimmy11

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Posts: 6872

12569 helpful points

Location: Formentera Del Segura

Joined: 8 Aug 2017

Posted: Mon Oct 10, 2022 9:38pm

Allank wrote on Mon Oct 10, 2022 8:27pm:
With your help I managed to complete form 210 but is it possible for me as a non resident to make the payment.
I went on to the payment site and put in my NIE but it wanted a "supporting reference". I wouldn't accept the receipt no so I'm stuck

Hi Allenk,

Yes, you can pay it online - this link to Agencia Tributaria's explanatory guide should help with the supporting code:

https://sede.agenciatributaria.gob.es/Sede/en_gb/ayuda/consultas-informaticas/presentacion-declaraciones-ayuda-tecnica/modelo-210.html

Kind regards

Kim