|
Additional Costs
Using a buying
price of 11,000,000 Pesetas
Both Rates are as
a guide only and are subject to change.
GBP rate 265
Euro rate 166
| IVA
7% |
Spanish
Vat payable on the declared value of the property. |
4627.79
Euros |
£2897.69
GBP |
| Legal
Fees |
Making
searches, preparation of the Title Deeds and translation before a Public
Notary. Including VAT. |
901.52
Euros |
£564.45
GBP |
| Notary
Fees |
Preparing
the Escritura (Title Deed) registering the title and Stamp Duty. |
601.01
Euros |
£376.31
GBP |
| I.A.J.D |
(Impuesto
Sobre Actos Juridicos Documendos) - Spanish Government tax of 0.5% of
the declared value of the property due on the registration and
documentation of the Escritura (Title Deed). |
330.55
Euros |
£206.97
GBP |
| Connection
Charges |
Water,
Electricity, Gas etc. |
300.50
Euros |
£188.15
GBP |
| Plus
Valia |
Capital
gains tax levied by the Town Hall on the increased value of the plot
since last sold. |
60.10
Euros |
£37.63
GBP |
| Total |
|
6821.48
Euros |
£4271.30
GBP |
EXAMPLE OF
APPROXIMATE ANNUAL COSTS OF VILLA OWNERSHIP
Both rates are as
a guide only and are subject to change.
GBP/PTAS
265
PTAS/Euros
166
| Urbanization
Fee |
Controlled
by the owners association committee. This pays for maintenance of
the estate including public lighting, maintenance of common areas,
security etc. The fee corresponds to the size of your plot as a
proportion of the whole development. |
360.60
Euros |
225.79
GBP |
| Property
Tax |
0.2%
of the ratable value of your property in Spain. |
132.22
Euros |
82.79
GBP |
| Contribution
Urbana |
Local
rates payable to the local Town Hall. |
120.20
Euros |
75.26
GBP |
| Insurance |
House
and Contents. |
120.20
Euros |
75.26
GBP |
| Gestor/Fiscal
Representative |
Most
owners appoint a fiscal representative to make their annual tax return
(in May) and normally this person will also handle other payments such
as local rates. |
120.20
Euros |
75.26
GBP |
| Electricity
and Water |
Standing
charges Consumption of electricity and water is metered with charges
similar to those in the UK and Ireland. Normally these are paid
automatically by your bank. There is an annual standing charge. |
60.10
Euros |
37.63
GBP |
| Villa
Management Service |
(optional). |
300.50
Euros |
188.16
GBP |
| TOTAL |
|
1214.04
Euros |
760.17
GBP |
RENTAL
- RETURN
For
This Year
All
Prices are per property per week
COSTA
BLANCA
| LOW
SEASON
OCT-FEB
|
MID
SEASON
MARCH-MAY
|
HIGH
SEASON
JUNE-SEPT
|
| £150
p.w |
2
bed apartment/bungalow
£225 p.w
|
£300
p.w |
| £175
p.w |
3
bed apartment/bungalow
£250 p.w
|
£350
p.w |
| £200
p.w |
4
bed villa with pool
£300 p.w
|
£450
p.w |
These
rental figures were supplied by the Spanish Freehold Property Advisory Bureau.
These
prices are also as a guide only and subject to change.
|
