Posted: Sat Jan 9, 2021 5:54pm
Hi Kimmy11 Yes I was referring to the IBI document as the multiplier is different depending on when the last revision of Catastral value has been done. Up until 2015 I was using 1.1% but then it increased to 2% as my last revision was over 10 years ago and this obviously increased the amount of tax I paid. It’s my understanding that the Non Resident Tax rate for 2019 payable by 31st December 2020 is still calculated at 19% as is the rate for 2020 increasing to 24% in tax year 2021
This is an excerpt from CAB Spain
Update1.3.2020 As the UK has remained part of the EU for the entire tax year 2019 and the EU regulations will remain valid during the transition period, so till the end of 2020, the rate will remain 19% for the declarations to be filed in 2020 and 2021. As of taxyear 2021, the tax rate for British non-resident property owners will be 24%.
Regards Anne