Non Resident Rental Tax Spain?

Non Resident Rental Tax Spain

Tax payable for rented properties of non-residents. – As a non-resident with property in Spain that you rent out, you are obliged to submit tax returns on a quarterly basis. If you are a citizen of an EU country, Norway or Iceland all expenditure relating the the rental of the property (including mortgage interest) are deductible for tax purposes.

What taxes do non-residents pay in Spain?

How much is non resident tax in Spain? – Non-resident taxpayers in Spain are taxed at the rate of 19-24 % on income earned in Spanish territory or income that arises from Spanish sources such as property. Specific rates apply to other kinds of income.

Do you have to pay tax on rental income in Spain?

What are the tax rates on rental income in Spain? – Spain applies the same taxes to rental income as the regular income you earn from employment. The rates vary depending on your residence status, as follows: Residents in Spain  – tax rates range from 19% to 47%.

How much tax do you pay in Spain?

Non-resident tax when owning a rental property in Spain

2020 income tax rates

Taxable income band € National income tax rates
0 to 12,450 19%
12,451 to 20,200 24%
20,201 to 35,200 30%
35,201 to 60,000 37%