Non Residents Income Tax Returns Due Soon!
Calling all Spanish property owners – non residents income tax returns due soon!
Anyone who purchased a Spanish property in 2022 or before will be due to submit their annual non residents income tax return before 31.12.2023.
What is the Non residents income tax?
Known in Spanish as the Impuesto sobre la renta de no Residentes. In effect it is a tax on owning a property in Spain and is payable even though there is no income!
How is this tax calculated?
This tax is based on the estimated income of 1.1% of the properties cadastral value (or 2% if the cadastral value has not been subject to revision or modification since 01.01.1994) and the applicable tax rate is 19%. The tax payable varies on whether or not the property is rented and an income is being obtained. If you have rented your property then you will be obliged to submit quarterly returns and pay tax on the income less the proportional costs involved in the rental such as professional management services, water, electric, insurance and community fees.
We can assist you with this tax return and require the following documents:
- Copy of owner(s) passport(s)
- Copy of owner(s) nies
- Copy of escritura
- Copy of Town Hall Rates (known as IBI)
- If rented, details of income and rental costs incurred
Contact My Lawyer in Spain to help you complete your non residents income tax return.
Not sure that the Tax return deadline of 31.12.17 is actually correct. Or should it actually have been 30.06.17 for 2016 returns and be 30.06.18 for 2017 returns?
Hello Doug
The deadline to submit the non residents income tax returns for Spanish property owners who purchased before 31 December 2016 or earlier is 31 December 2017. These taxes are payable by owners who do not live in Spain for more than 183 days a year.
The submission of tax returns for tax residents in Spain has a deadline of end of June each year.
Hope that helps – Alex
Expat Tax Return.
Are you referring to Form 210 ?
Please advise
Yes Bob – form 210 is the return we are referring to. Let us know if you need any help with your tax affairs.