What Tax Do You Pay On Rental Income In Spain?

What Tax Do You Pay On Rental Income In Spain
The tax on rental income in Spain for Spanish residents – The tax on rental income in Spain for Spanish residents is 19%. Furthermore, they can deduct expenses related to maintaining the property.

Do I have to pay tax on rental income from Spain?

What is rental income? – For tax purposes, the Spanish tax authorities consider any money you receive from letting a property as part of your taxable income. As a result, you must declare this income annually and are liable for tax on it. However, you don’t pay tax on the full amount; first, you deduct eligible expenses and then, if applicable, apply further deductions.

Do Spanish residents pay tax on UK rental income?

UK rental income In Spain, it is taxed at the scale rates of income tax. A 60% reduction is available in Spain against the net rental income, but only for long-term lettings where the tenant uses the property as their main home.

How much income is tax free in Spain?

Personal tax free allowance

Age Tax-Free Personal Allowance
Under 65 years €5,550
65-74 years €6,700
Above 75 years €8,100

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