{"id":25596,"date":"2020-11-13T10:25:00","date_gmt":"2020-11-13T09:25:00","guid":{"rendered":"https:\/\/www.confianz.be\/?p=25596"},"modified":"2020-11-13T10:25:00","modified_gmt":"2020-11-13T09:25:00","slug":"annual-costs-of-a-flat-in-spain","status":"publish","type":"post","link":"https:\/\/www.confianz.be\/en\/jaarlijkse-kosten-van-een-appartement-in-spanje\/","title":{"rendered":"Newsletter November: annual cost of second residence in Spain?"},"content":{"rendered":"<p><a href=\"https:\/\/mailchi.mp\/3509b8dcfe08\/jaarlijkse-kosten\" target=\"_blank\" rel=\"noreferrer noopener\">Newsletter November 2020<\/a>|As an owner of a second residence in Spain, you will pay a number of fixed costs each year. Of course, these costs depend on the type of property you will buy. But in general, you can consider the following annual costs of a flat of in Spain (+\/-150,000 euros):<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>IBI\/holding tax: \u20ac200 - \u20ac400&nbsp;<\/li><li>Basura\/waste tax: \u20ac100 - \u20ac150, unless already included in the water bill<\/li><li>Non-residents tax if you do not rent: 1.1% of the cadastral value * 19%, typically 200 - 300 euros, per property;<\/li><li>Fire insurance (not compulsory): +\/- \u20ac200 in the region, per property;<\/li><li>Spanish bank account: +\/- \u20ac100 per year, per bank account;<\/li><li>Cost of tax return: \u20ac121 per return;<\/li><li>Contributions common parts VME: depends on common services, reckon around +\/ \u20ac300, per property.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/annual-costs\/\">Find out more about the annual cost of a flat in Spain here.<\/a><\/strong><\/p>\n\n\n\n<p>Would you like more information about buying in Spain? Then feel free to make an <a href=\"http:\/\/www.confianz.be\/en\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>appointment<\/strong><\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">News: Belgium convicted again of tax on foreign rental income<\/h4>\n\n\n\n<p>Our country taxes rental income from property located in Belgium more favourably than property located abroad. This is a discrimination in legislation and&nbsp;<a href=\"http:\/\/curia.europa.eu\/juris\/document\/document.jsf?text=&amp;docid=233594&amp;pageIndex=0&amp;doclang=FR&amp;mode=lst&amp;dir=&amp;occ=first&amp;part=1&amp;cid=13676745\" target=\"_blank\" rel=\"noreferrer noopener\">Belgium was again condemned for this yesterday<\/a>. This time a fine and periodic penalty of 7,500 euros per day was also pronounced. <\/p>\n\n\n\n<p>This ruling will ensure that the tax laws for foreign property will soon change. One avenue is to take a percentage of actual rental income as the taxable base\/gross rental value. We will see what the government will do.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.confianz.be\/en\/belgian-tax-on-second-residence-spain\/\"><strong>Read more about Belgian taxes on Spanish property.<\/strong><\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">New corona measures in Spain<\/h4>\n\n\n\n<p>On 25 October, the Spanish national government declared a new state of emergency for 15 days, with the possibility of extension until 9 May 2021.The autonomous regions will have the power to impose their own restrictive measures. Several local lockdowns are already in force, for instance.&nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/corona-rules-in-spain\/\">Here is an overview of corona measures by region.<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>In our November 2020 newsletter, you will find an overview of the annual cost of a flat in Spain<\/p>","protected":false},"author":2,"featured_media":25597,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[138,150],"tags":[510,511,15,451],"class_list":["post-25596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aankoop-in-spanje","category-praktisch","tag-discriminatie","tag-jaarlijkse-kosten-van-een-appartement-in-spanje","tag-kopen-in-spanje","tag-nieuwsbrief"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/25596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/comments?post=25596"}],"version-history":[{"count":0,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/posts\/25596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/25597"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=25596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/categories?post=25596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/tags?post=25596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}