Where is your investment property located?

France
France
UK
UK
USA
USA
Spain
Spain
Ireland
Ireland


Filing Deadline

Spain Tax Deadline December 31st


Spanish Property Taxes Overview

Spanish Personal Income Tax (PIT)

Actual Rental Income

Non-resident property owners must pay income tax at a flat rate of 24% on any income arising from letting a property. No allowance is made for expenses incurred against the rental income.

This income is declared on Form 210 and must be filed before 30 June of the following year.

Deemed Rental Income: Impuesto de la renta de no residents declaración ordinaria (IRNR)

Where real estate is held for personal use and is not used as the habitual residence of the owner, Spanish tax law deems income to arise on the property that is subject to IRNR or Deemed Income Tax.

This tax is calculated on the deemed annual rental income currently based on 1.1% / 2% of the rateable value (or cadastral value) and is taxed at a rate of 24% (depending on the municipality). No deductions are available against deemed income in arriving at taxable income.

You pay this version of income tax in Spain if the following conditions apply:

  • You do not reside in Spain.
  • You own property in Spain.
  • The property is exclusively for personal use and you do not rent it out.
  • You have no other source of taxable income in Spain.

Although you do not earn income from the property, in the eyes of the Spanish tax authorities you still derive a benefit from owning a property in Spain and therefore have to pay an imputed income tax.


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