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1. What are the fees and cancellation?
The granting of the loan by the entity usually be matched charging a commission, under the generic name origination fee, includes the cost of studies and processing the loan. It is usually a percentage of the loan amount with a minimum amount .

The prepayment fee only applies if effects occur. The commission refers to the extra payments that the customer decides to allocate to reduce the loan, either by reducing the fee payable monthly or within the operation. Sometimes, the fee varies if that pays off the loan, is canceling all-or part-partial redemption. For entities, the commission is like an insurance covering the risk assumed by the fact that the operation can be canceled at will by the customer.

In loans to variable interest , depreciation commission is limited by law to 1%. In the fixed rate is usually higher commission due to the higher risk involved for the entity that is obliged to ensure against possible fluctuations in interest rates at great cost that it’s costing you. In any case, Law 2 / 1994 of March 30, offers two possibilities to modify your mortgage, subrogation and the novation credit. Read the rest of this entry »

If you’re not used to calculate prices and taxes are paid on a car, nothing happens, we’re going to explain. Currently, when purchasing a new car, pay two taxes (Peninsula and Balearic Islands): a 16% VAT and registration tax “green”. Formerly it was paid for the engine capacity, today by emissions of carbon dioxide (CO ₂) measured in grams per kilometer.

Let’s look at three different cases using the same vehicle, the Opel Corsa. Consider versions 1.3 CDTI Ecoflex 3p, 3p 5p 1.4 and OPC. Before proceeding to develop the idea, let’s see what breaks down the price of a vehicle:

- Ex-works price , value of the vehicle without leaving the factory.
- Transportation : Cost of moving the vehicle from factory to point of sale.
- Base : Sum of PFF and transport.
- VAT : value added tax, levied at 16% (usually) for private vehicles. There are exceptions such as pay a reduced VAT to carry disabled vehicles registered in the name or the disabled.

- Registration Tax : Tax is applied to the base, depends on the level of emissions of the car. All models in the market, gasoline or diesel, emitting this greenhouse gas. Depending on the engine, emit more or less, the larger, powerful, heavy or higher, more emissions. Gasoline engines emit more grams per kilometer to drive equality and power, but that does not mean more pollution in absolute terms. Large families pay half the tax.
- Supplied registration : additional costs to enroll, depend on the area.
- Discounts : Dealers can determine reductions in the price to get sales and therefore commissions, with or without coordinating with the parent company to manufacture the car.

Now let us return to our three Corsican:

- 3p Opel Corsa C’mon 1.3 CDTI Ecoflex – CO ₂ 119 grams / km
- 5p Opel Corsa Cosmo 1.4 – 139 g CO ₂ / km
- 3p Opel Corsa OPC 1.6 Turbo – 190 grams CO ₂ / km
The first is below 120 g / km, so enter the tax bracket of 0% of IM, the second is on the stretch of 4.75% and that does not reach 160 g / km, and finally, the sporty OPC is between 160 and 200 grams, 9.75% stretch. If you issue more than 200 grams of 14.75% would pay a tax.

Now let us calculate prices, regardless of any promotion, as the current rates:
- 3p Opel Corsa C’mon 1.3 CDTI ecoFLEX: PFF (EUR 12731.81) + carriage + VAT = Euro 15,220 + 0% IM = 15,220 euros
- 5p Opel Corsa Cosmo 1.4: PFF (EUR 13043.83) + carriage + VAT = EUR 15581.95 4.75% + MR = 16,220 euros
- 3p Opel Corsa OPC 1.6 Turbo: PFF (EUR 18235.37) + carriage + VAT = EUR 21604.14 9.75% + MR = 23,420 euros

In the case of 1.4, 90 bhp petrol, paid 638.05 euros for IM, while the OPC 192 hp “palm” 1815.86 euros. Consider that life at 150,000 km the small diesel car will emit on average 17.85 tonnes of greenhouse gases. The next, gasoline, emit 20.85 tons. The sportier emit 28.5 tons, ie a 59.66% more than the small diesel.

And if I add extras? Where the cost calculation?
The options are added to the PFF, which means we pay more VAT by being a good more expensive. But that also cost the same options are not due to IM. Suppose we want to install the Panorama sunroof with a PFF of 662.53 euros. If we add the VAT, we have to 768.53 euros.

In the small diesel will not pay anything more in the 1.4 cost us 800 euros and the OPC paid about 840 euros. Moreover, as the price rises the car insurance also, that should not be allowed to have him present. By the same token, the diesel, which are usually a little more expensive than gasoline counterparts, pay more for insurance.

How do I calculate the IM backwards?

Returning to the case of OPC , which costs 23,420 euros. We have to calculate the base, and we know that IM is subject to the 9.75%, adding to have a 25.75% VAT tax. For those who are a little fish in mathematics, a percentage is added as multiplying by (1 + percentage) / 100, and subtraction is divided by (1 + percentage) / 100.

That is, 23,420 / 1.2575 = EUR 18,624.25 base. Now we can calculate the tax by multiplying by 0.16 and multiplying by 0.0975 the IM, we give 2979.88 1815.86 euros and euros respectively.

Are there any tax reductions?

In some cases the VAT charged is lower:

Exempt
Motor vehicles and motorcycles for private use of members of NATO and its personnel under
Vehicles in diplomatic plates regime
4% (IM not pay are exempted or not subject to it)

Vehicles intended for use as special trailering autotaxis or for transporting disabled people in wheelchairs, either directly or after adaptation (No. 20 Annex RDL 339/90)
Vehicles registered in the name of the disabled
That is, if we calculate the price of a disabled car, get the base first, then add the 4% VAT. As IM not pay, the calculation would already be done.

When asked about the insurance benefits, including regular mention Prosecutors. Because most people who visit, or who are my clients, have doubts, I decided to talk about them. Only I will focus on the benefits that personal insurance. Concentrating on what you can do as individuals tax deductible or can receive free income tax return. Karla Bayly Financial Coaching and talked about some benefits in this regard, I recommend to read.

Article 176 of the Income Tax Act provides that the premiums you pay for a Medical Insurance for you and your family, wife and children or parents, are tax deductible. You pay for a Personal Retirement Plan (RPP) also in this case must meet certain requirements: there is a maximum for that deductible is 10% of their income and must be a PPR. Here it is noteworthy that not all plans for Retirement Security with Insurers are PPR, I recommend you to check.
Article 109 of the Income Tax Law referred to the exempt income from taxation. Among the contemplated revenue and payments received by l Life Insurance : death, disability or functional loss . Means those that are received from a life insurance policyholder’s death. The same article also includes income received by the Insured after 60 years in respect of a retirement plan, must take more than five years with the plan and receive income after that age. Qualify for this benefit, many insurance plans, not the PPR because the income of the latter do pay taxes.

I want to mention finally that the savings plans in any kind of plan calls for retention of ISR, as with any investment that generates profit from a bank account up to an investment fund. U n important detail with the actual profits obtained from an insurance of this type is that the income tax withheld and estimated until the insured makes a withdrawal, not before . This “small” feature makes the insurance be better to save than any other financial instrument.

This is an issue that is very interesting, because as you can see the benefits that are received by a very comprehensive insurance. In addition to that you can make a proper tax planning. With good advice about it, besides having good coverage, you can choose. One more reason to have an advice. The issue is not difficult to understand but we must be very well informed. Please leave your comments and questions.

The Tax Office has already started processing refunds 2011 tax return . All taxpayers who have received the draft statement of income this year, either by mail at home either on line by the reference number that comes to mobile phone should be reviewed carefully and if the result is returned, it is advisable to confirm this soon. The confirmation of the draft statement of income can be made ​​by the AEAT website, by phone (901 200 345), through an sms stating the same: RENT blank, receipt number, space Tax and white, or in person at the offices of the Tax Agency.

After confirming the draft in about a week, will receive a message on their mobile informing them that the tax has proceeded to order the return of your tax return . In just 72 hours from receipt of the message will be credited to your checking account the amount of the refund of income tax.

The Tax Office has now returned about 400 million euros corresponding to about 500,000 confirmed drafts on today with results to return, 130% more than those confirmed by this stage in campaign income tax last year.

In case the return of the tax return is delayed, we contacted the tax office in the phone 901 200 345, from Monday to Friday from 9 to 21 hours.

Tax Guide against tax increases
Given the tax increases announced by the Government in 2010, should know some simple tips to avoid a fiscal drain on your finances.

The tax increase is going to carry out the Spanish Government in 2010 is based on three legs: VAT, savings and the deduction of 400 euros. On the latter, say goodbye to that little deduction directly from the first of January 2010.

With regard to the VAT hike will remain marginalized some commodities such as bread, milk or fruit, but the rest will go up from July 1, 2010. Here we have no other to endure the climb, but if you are thinking, for example, change cars, do it soon. Furthermore, as the market is so stopped, there are now offers unsurpassed.

Sell something to offset losses
On savings, ie the Spanish investments, the Government amended the rate payable on profits, raising it from 18% to 19% and 21%. Until now, when one sold, for example, some shares or a flat, had to pay the state 18 percent of the profits (the difference between the price paid and the selling price). Well, with the latest amendment, will have to pay 19 percent on the first 6,000 euros in profit and 21% percent on the remaining profits.

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