(Tasa de Recogida y Tratamiento de Basura)

 

This tax is paid to your local authority to cover the costs of rubbish collection and disposal. It is paid twice a year and it is advisable for non-residents to arrange payment by standing order from a Spanish bank account.

 

If your property is newly constructed your local town hall may not immediately bill you for the tax. Sometimes it can take up to a year for them to send you notification, at which point they will backdate your payment to the original purchase date.

The Purchasing Process

• Finding a property
• Real Estate Agents
• Choosing a lawyer
• Negotiating the purchase
• The Reservation contract and Deposit
• Exchange of Private Purchase Contracts
• Completion
• Registry
• Special Considerations when buying Off-Plan
• Fees when buying
• Taxes when buying
• Other Expenses
• Differences between the contract price & the amount actually paid

Selling

• Real Estate Agent and Lawyer
• Fees when selling
• Fees when buying

Charges Taxes and Expenses for Property

• Service Charges in Community
• Annual Real Estate Tax (IBI)
• Rubbish Collection Tax
• Capital Assets Tax
• Property Owners Imputed Income Tax
• The Tax Returns
• Insurance
• Mortgages

Other Legal Matters

• NIE - Identification Number
• Open Spanish Bank Account
• Making a will in Spain
• Inheritance Tax
• Investment Opportunities in Spain