Properties in Mallorca  

 

  

Balearic Properties together with www.cala-dor.com offers the greatest properties for sale in mallorca as apartments, villas, town houses. Luxury Mansions or golf properties are to fing in our large database as well. Please contact our friendly sales team in one of our local offices in Mallorca to go through the best property selection

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Spanish taxes differ from British ones- here are the ones you are likely to be liable for

 

Before you decide to settle in Spain , you should obtain expert advice regarding Spanish taxes. The Spanish tax system is complicated. It is not so much the level of taxes that is burdensome as the number of different taxes for which individuals are liable. Taxes are levied by three tiers of government in Spain : central government, autonomous regional governments and local municipalities.

Most taxes in Spain are based on self-assessment, meaning that individual taxpayers are liable to report and calculate any tax due within the time limits established by law . Tax forms can usually be purchased from a tobacconist´s (estanco), although some are available only from tax offices (agencia tributaria). Late payment of tax bill usually incurs a surcharge of 20 per cent. Note that there is a five-year statute of limitations on the collections of taxes-if no action has bee n taken during this period to collect unpaid tax, it cannot be collected.