When Is Non Resident Tax Due In Spain?
- Víctormanuel Paz
Obligation to declare – All non-residents with Spanish property are obliged to submit annual returns. The deadline is 31st December following the end of each tax year. For example, if you purchased a property in July 2021, your first tax return will be due by 31st December 2022.
Where do you pay non resident tax in Spain?
Spanish property tax – If you own a property in Spain and are living in it on 1 January in any given year, you must pay a local property tax or Impuesto sobre Bienes Inmuebles (IBI). The amount is the rental value multiplied by a tax rate set by the local authorities.
This applies to non-residents and residents. There is also basura , a rubbish collection tax. Non-resident property owners may also need to pay imputed income tax at flat rates on potential rental income on Spanish property.
If you sell a property in Spain, you have to pay a property transfer tax, Impuesto Transmisiones Patrimoniales (ITP). When a property is sold, the local authority charges a tax on the increase in the value of the land, the plus valia.