Non resident tax
What are non-resident taxes
If you are a non-resident in Spain, you may be subject to non-resident tax. Non-residents are individuals who spend less than 183 days per year in Spain and do not have their permanent residence in the country.
Non-resident tax is a tax on income obtained by non-residents in Spain, such as rental income from Spanish properties, capital gains from the sale of Spanish assets, and dividends or interest from Spanish sources. The tax rate varies depending on the type of income, but is quite reasonable as long as the calculations have been properly done.
The most common non resident tax filed is that of an owner of property in Spain. To give you a rough example. If you have a property with a tax value of 100000 € the annual non resident tax, if you do not let the property, would be around 275 €.
Non-residents are required to file a tax return in Spain for any income obtained in the country, regardless of the amount. The tax return must be filed by June 30 of the following year and must be submitted electronically through the Spanish Tax Agency’s website or by mail.
If you are a non-resident and you own a property in Spain, you will also be required to pay a property tax (IBI), something similar to British Town Hall rates.
Using the same example as before, the annual IBI tax would be around 350-400 € depending on the Town Hall.
Wealth tax (Patrimonio). The wealth tax is a national tax, and it applies to individuals with assets in Spain worth more than €700,000.
It’s important to note that tax laws and regulations are subject to change, and it’s recommended to seek advice from a qualified tax professional in Spain to ensure that you are complying with all the requirements and regulations.
If you have any questions or doubts or simply need more information, please write to:
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