If assets include a property, the answer is yes, you will also have to pay the plusvalia tax imposed by the town halls. You must pay this tax within six months unless an extension to pay is solicited in writing. There will be interest to pay for this extension period.
Please read about ‘plusvalia’ on Juan/lawyers blog.
Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.
How Can Citizens Advice Bureau Spain Benefit You?
As an expatriate living in Spain; do you find that the Spanish bureaucratic system
can be disconcerting? Have you discovered that the simplest of transactions are difficult to conclude?
Find yourself searching for answers to problems only to discover that there is nowhere where you could find a solution?
I am assuming that the answer is yes and that is why should be a member of our web site if you arent already.
