Impuesto sobre Bienes Inmuebles, or IBI, is a tax that every property owner in Spain has to pay. Either your local town hall or SUMA offices will collect the payment, which they use to finance local services. The local authority collects this tax annually and failure to pay can lead to fines and interest.
How is IBI calculated in Spain?
If you rent, then the landlord normally pays the IBI. How is IBI calculated? The amount of IBI you pay is based on the rateable value of your property (catastral value, valor catastral) as calculated by your local Town Hall, and is from 0.4% to 1.3% of this cadastral value per year.
How often do you pay IBI in Spain?
All property owners must pay this tax every year. This is a local tax levied by the town hall where your property is located. It is paid once a year (normally due in August through to November). It varies from one town hall to the next.
How much is IBI tax in Spain?
Property tax (IBI) is paid by the purchaser once a year, which can be divided into several installments. The annual tax rate is 0.4 percent to 1.1 percent of the property’s cadastral valuation. This tax will be domiciled in Spain on your current account.
What does IBI tax cover?
The IBI is the “Impuesto sobre Bienes Inmuebles”, which could be translated as “property tax”. This is a municipally levied tax and varies widely from one municipality to another and from one type of property to another. You might for instance, pay as little as 50 euros per year for a simple property in a rural area.
Do tenants pay IBI in Spain?
Our solicitor explained that in Spain, the owner of a house is the only one obliged to pay taxes and charges pertaining to the house like property tax or IBI or SUMA, and community charges. The tenant has no obligation to do so.
Can I pay my IBI online?
Re: Accessing IBI bills online
You can pay in any number of ways online with a Clave or a digital certificate, which you pick up from the Suma office, you only need your nie/nif and passport. You can also ring up from the UK or Spain and pay with your credit or debit card.
Is Suma the same as IBI?
What is the I.B.I? The Impuesto sobre Bienes Inmuebles (named IBI tax in Spain, and also commonly known as SUMA tax in Alicante province) is a yearly council property tax in Spain which is paid to the local Town Hall where the property is situated.
What is Suma in Spain?
Suma Gestión Tributaria (Suma) is a 100% public provincial agency set up by the Provincial Council of Alicante (Spain) in 1990. It specializes in tax administration: assessment, billing, collection and enforcement. Suma collects the taxes on behalf of each city council with own resources.
Where do I pay IBI in Spain?
Impuesto sobre Bienes Inmuebles, or IBI, is a tax that every property owner in Spain has to pay. Either your local town hall or SUMA offices will collect the payment, which they use to finance local services.
Do you pay stamp duty in Spain?
Stamp duty (legal documentation tax/ AJD in Spanish) at 1.5% of the purchase price.
How do I pay Suma in Spain?
To do so address your request to SUMA, Plaza San Cristobal, 1, 03002 Alicante, or by email to firstname.lastname@example.org.
Other payment methods:
- Pay in instalments or through our flexible payment plan.
- Pay at our taxpayer´s helpline, collaborating banks or at our offices.
- Postal money orders at Correos Post Office.
What is the valor catastral?
The “valor catastral” of a property in Spain is an important estimate of its capital value. The catastral system is unlike the land registry – which records legal ownership of the property – in that it is used to calculate the volume and amount of property taxes due on each property.
What is Spanish council tax called?
IBI: Spanish local property taxes
IBI is a local charge in Spain that is similar to council tax in the UK. The letters I.B.I. stand for Impuesto sobre Bienes Inmuebles, literally an immovable property tax.
What is IAE in Spain?
The Spanish tax on economic activities (Impuesto de Actividades Económicas – IAE) is a direct tax levied annually on the exercise of a business, professional, or artistic activity, regardless this activity is performed in business premises or not.