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Ongoing costs with an apartment

Posted: Wed May 6, 2020 6:00pm
6 replies261 views3 members subscribed
Nicksunlover

Posts: 78

27 helpful points

Location: Cabo Roig

Joined: 6 May 2020

Hi all, 

I am new here and just starting on my journey of buying a Spanish property. I play to buy an apartment, and use it as a holiday home, using it perhaps 6 -8 times a year. I doing lots of research, but cant seem to find an answer to this question. Is there like an amenity tax, similar to UK Council Tax, that we pay monthly depending on the banding of our UK homes? I am sure there is, but can anyone enlighten me to the cost per month?

Thanks

Nick

jimtaylor

Posted: Thu May 7, 2020 5:17am

jimtaylor

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Posts: 5612

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Joined: 2 Feb 2017

Posted: Thu May 7, 2020 5:17am

Depending on where you buy, there may be a separate charge for refuse collection.

There will also be standing charges for both water and electricity supply.

And an apartment will be part of a community, so you'll have to pay community fees.

Cheryl

Posted: Thu May 7, 2020 9:42am

Cheryl

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Posted: Thu May 7, 2020 9:42am

And Non Resident tax.

jimtaylor

Posted: Thu May 7, 2020 9:49am

jimtaylor

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Posted: Thu May 7, 2020 9:49am

Well spotted, Cheryl.

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Nicksunlover

Posted: Thu May 7, 2020 10:35pm

Nicksunlover

Original Poster

Posts: 78

27 helpful points

Location: Cabo Roig

Joined: 6 May 2020

Posted: Thu May 7, 2020 10:35pm

Cheryl wrote on Thu May 7, 2020 9:42am:

And Non Resident tax.

Thanks for this info. How much is non resident tax?

jimtaylor

Posted: Fri May 8, 2020 4:22am

jimtaylor

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Location: Mudamiento

Joined: 2 Feb 2017

Posted: Fri May 8, 2020 4:22am

Nicksunlover wrote on Thu May 7, 2020 10:35pm:

Thanks for this info. How much is non resident tax?

Not a lot, but the amount depends on the land registry value of the property and the municipality where it is located:

https://www.costablancaforum.com/area/almorad%C3%AD-spain-11/taxes-suma-nie-tax-advice-in-almorad%C3%AD-25/jims-guide-non-resident-tax-part-1-theory-no-rental-income-75479/


Nicksunlover

Posted: Mon May 11, 2020 1:18am

Nicksunlover

Original Poster

Posts: 78

27 helpful points

Location: Cabo Roig

Joined: 6 May 2020

Posted: Mon May 11, 2020 1:18am

This post that was quoted has been deleted.

Hi Grahame,

thank you for the breakdown of costs, very helpful

Nick

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