Owning a home in Spain brings annual tax obligations even if you don’t rent it out. We explain non-resident income tax without the jargon.
Many British and European owners don’t realise that, even without renting out their home, there is an annual non-resident income tax obligation (IRNR). Addressing it in time avoids surcharges.
If you do not rent the property
You are taxed on an imputed income: a percentage of the cadastral value. It is a modest amount, but it must be declared each year using form 210.
If you rent it out
- Rental income is declared (quarterly or annually depending on the case).
- EU residents may deduct certain expenses.
- Keep invoices and contracts from day one.
The tax representative
Delegating to the firm as your tax representative is convenient: we handle the calculations, deadlines and filing, and remind you of each due date.
By MSB — Morenilla Abogados Back to Insights
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