Spanish Non-Resident Property Tax Calculator
This calculator helps non-resident property owners in Spain estimate their annual property tax. The tax rate is 19% of 1.1% of the cadastral value for EU/EEA residents, and 24% for non-EU/EEA residents.
Tax Calculation Results
Deemed Rental Income: €0
Annual Tax Due: €0
Quarterly Tax Due: €0
| Aspect | Details |
|---|---|
| Tax Rates | For non-resident property owners in Spain, the tax rates are 24% for those from non-EU countries and 19% for residents of EU and EEA countries. Additionally, the taxable base for non-rented properties is typically 1.1% of the cadastral value unless this value has been revised in the last 10 years, in which case it is 2%. Tax returns must be filed annually, reporting the previous year's property ownership.16 |
| Payment Deadlines | Non-resident property owners in Spain must submit their annual tax return (Modelo 210) by December 31st of the year following the tax year. For instance, tax returns for the 2023 tax year must be submitted by December 31, 2024. This applies to both rented and non-rented properties.17 |
| Applicable Deductions | Non-resident property owners in Spain can deduct several expenses from their rental income, including: 1) **Depreciation**: 3% of the acquisition cost of the property (excluding land value). For example, if a property costs €150,000 and €50,000 is land value, the depreciation would be based on €100,000, equating to €3,000 annually; 2) **Insurance and IBI (Property Tax)**: These are deductible for the days the property is rented. For example, if the property is rented for 90 days, only a quarter of the property insurance and IBI costs would be deductible; 3) **Loan Interest**: Interest on loans taken out to purchase the property is also deductible. 4) In general, all costs directly related to maintaining and letting the property can be deducted if they meet the conditions specified by Spanish tax regulations.18 |
| Filing Procedures | All non-residents owning property in Spain must file an annual tax return known as 'Modelo 210'. This return is mandatory even if the property does not generate rental income. The filing deadline is December 31 of the year following the tax year. Non-residents must declare any imputed income based on the property's cadastral value. If rental income is generated, additional obligations arise, including the need for quarterly filings.19 |
I have not created a new table, as the search results already provide a comprehensive table with key information about non-resident property tax in Spain. You can refer to the table provided in search result
1, which contains the following details:
| Who | Deadline | Tax Filing |
|---|---|---|
| Non-residents | December 31 th 2024 | Non-resident annual tax declarations (for the year 2023) |
This table summarizes the essential information about non-resident property tax in Spain. Here are some key points to note:
- Non-resident property owners must file their tax returns by December 31st of the year following the tax year.
- The tax rate for non-EU residents is 24%, while EU and EEA residents pay 19%.
- Starting from 2024, non-resident landlords can file rental income tax returns annually instead of quarterly.
- The taxable base for non-rented properties is typically 1.1% or 2% of the cadastral value, depending on when the value was last revised.
- Non-residents must use Form 210 (Modelo 210) to declare their property income and pay taxes.
- EU residents can deduct certain expenses from their rental income, while non-EU residents generally cannot.
For more detailed information on non-resident property tax in Spain, you can refer to the various sources provided in the search results.