SPANISH TAX LIABILITIES FOR NON-RESIDENT OWNER OF PROPERTY IN SPAIN.
Income tax in Spain for non-residents. Taxation for owning a property in Spain.
In the event that you are non fiscal resident in Spain and own a real estate in Spanish territory, you will have to file a tax return on Non-resident Income Tax. It is a self-assessment tax return that all non-resident taxpayers in Spain, who own a real estate in this country, must present, yearly, to the Spanish Agency of Tax Administration.

When the property has been acquired by a married couple, or by more than one person, each person is an independent taxpayer and must file an individual Spanish Income Tax form.
Depending on the use of the property, the Income Tax in Spain will be calculated as follows:
– Calculation of the income, considering the exclusive personal use of the owners. A determined rate is applied on the cadastral value of the property.
– Calculation of the income in case the property is rented out: the rental price without the deduction of any costs will be taken into account.
In both cases, for European non-residents, the rate to be applied in 2016 is 24%.
Wealth tax in Spain.
Since 2011, the Wealth Tax in Spain has been reactivated for natural persons with equity of more than 700,000 €.
Spanish Wealth Tax is a progressive tax based on the value of your equity and an applicable rate from 0.2% to 2.5%. The rate may vary from an autonomous community where the rights and assets are situated.
As an example, a property with a value of 1,000,000 € would pay an approximate sum of 733 €, as follows:
EUR | 1,000,000 |
---|---|
Less than | 700,000 Exempt |
EUR | 300,000 Amount subject to Wealth Tax |
VALUE | TAX |
To EUR 167,129.45 | 334.26 (0.2%). |
Rest EUR 132,870.55 | 398.61 (0.3%). |
TOTAL | 732.98 |
Find out more about the Income Tax for non-residents and Wealth Tax by contacting us now.
Welex: Legal and tax experts in spain.
At Welex, we guarantee professional and personalised service. All our lawyers, economists and accountants have years of experience in their range of legal areas, which they put at your disposal with a view towards dealing swiftly and efficiently with your issues.
Contact our Spanish law firm in Marbella without any commitment. We will be keen to help and explain to you clearly and precisely the best tailor-made solutions to your doubts and issues.
From Marbella, we offer a professional and rigorous service throughout the whole of Spain. Offering high-quality service is our commitment.
Our tax lawyers in Marbella are always committed to legal excellence.
Obtain more information as our firm in Spain has a specific website about accountancy and tax.
Do you need legal advice about a property in Spain?
Welex has a team of professionals, composed, among others, of lawyers and economists, experts in the purchase and sale of real estate, both in the legal and fiscal sides of the transaction. Clarify your doubts, do not wait to ask for advice. Contact our offices without any commitment, we will be willing to help you.
Related posts
Holiday Homes in Andalusia, Spain
Welex, our leading firm of lawyers and accountants in Marbella, is pleased to detail in this blog information and tax advice on holiday homes in Andalucía, Spain. Our geography in Spain offers one of the [...]
Non Resident’s Income Tax in Spain
As a firm of lawyers and accountants specializing in Spain, we are here to provide you with clear and accurate information about non-resident income tax in Spain. In this article, we will explore the requirements [...]
Invoice issuing in Spain
In this article, Welex, leading law and accountant firm in Marbella, will explain the key concepts to know how correctly issue your invoices in Spain. During our decades of years of experience, we have [...]
Income tax return 2022 in Spain to be presented in 2023
The Welex team of lawyers and accountants is pleased to write a few lines on Income tax return 2022 in Spain to be presented in 2023. The Income tax return in Spain is an annual [...]
Social Media