TAXATION ON YOUR PROPERTY IN SPAIN

When you purchase a property in Spain you you need to be informed of your tax obligations. The non-resident property tax (Impuesto Sobre la Renta de no Residentes) is a tax based on property in Spain for non-Spanish residents. Its calculation depends on your use of your property: rental to others or personal residence . If you do not rent your property, the Spanish tax authority shall charge an imputed income on real estate for own use. This amount considered as income results from the application of a percentage to the assessed value of the property, which is indicated in the IBI , the counsel Spanish tax. If a property […]