Tax obligations for Spanish tax non-residents who own a property in Spain

Escura would like to inform you through this newsletter of the principal tax consequences of being considered Spanish Tax non-resident and owning a property in Spain.

In general, individuals who spend less than 183 days during the calendar year in Spain are considered Spanish Tax non-residents. Non-resident taxpayers in Spain are taxed on their income and assets from Spanish source only.

Therefore, Spanish Tax non-residents who own a property in Spain are subject to taxation and will have to file a tax return depending on the type of income obtained.

Please find below a summary of the different tax returns which will have to be filed depending on the type of income obtained as a consequence of owning a property in Spain:

Income obtained

Result of the tax return

Deadline to file the tax return

Applicable tax rate
If the property is empty

presumed income

Tax payment

Year after the accrual date (deadline 31st December) General rate: 24%. For residents in other EU member states or European Economic Area (EEA) countries with which there is an effective exchange of tax information, the rate is 19%
If the property is rented

Rental income

Tax payment

first 20 days of April, July, October and January for those income which accrual date would be the previous quarter

General rate: 24%. For residents in other EU member states or European Economic Area (EEA) countries with which there is an effective exchange of tax information, the rate is 19%

Tax refund

From 1 February after the year in which the income has been accrued. Deadline: 4 years

No payment due

Between the 1-20th after year following the year on which the income has been accrued

If the property is transferred

Capital gain generated from the transfer of the property

Indifferent

During the 4 months after the deadline of the transmission of the property

19%

Non-residents are subject also to Wealth Tax in Spain, which is levied only on the individual’s Spanish wealth net value. However, they are entitled to a Euros 700,000 general deduction.

2019-01-28T11:56:08+00:00 23 de enero, 2019|International Desk|Sin comentarios