Everything You Need to Know About Rental Income Tax in Spain: January 2025 Deadline

If you’re a non-resident property owner in Spain who rents out your property, there’s a few important details you need to know about your tax obligations. Whether you’re earning income from short-term holiday lets or long-term rentals, the Spanish tax authorities require you to declare and pay taxes on the income generated by your property. With the filing window for rental income tax in Spain opening on 1st January 2025 and closing on 20th January 2025, you’ll need to act now to ensure you’re ready to file.

Here’s what you need to know about rental income tax, how it’s calculated, and how IberianTax can make the entire process simple and stress-free.

What is Rental Income Tax?

Rental income tax applies to non-residents who earn income by renting out their Spanish property. The tax rate and rules vary depending on your residency status and whether you’re an EU/EEA citizen or from a non-EU country. Here’s a quick breakdown:

• EU/EEA Citizens: You’re taxed at 19% of your net rental income. Expenses directly related to the rental activity (such as maintenance, utilities, and property management fees) are also deductible.
• Non-EU Residents: You’re taxed at a flat rate of 24% on your gross rental income, with no allowable deductions.

Key Dates for Rental Income Tax

For income earned from renting out your property in 2024, the filing window for your rental income tax return is:

• Opening Date: 1st January 2025
• Closing Date: 20th January 2025

It’s crucial to file your return during this period to avoid penalties or interest on unpaid taxes. Filing late could result in fines, delays, or even tax investigations further down the line.

What You Need to File Rental Income Tax

To file your rental income tax return, you’ll need to gather the following information:

1. Rental Income Records: A detailed log of all rental income earned during 2024.
2. Allowable Expense Receipts (EU/EEA citizens only): Documentation for deductible expenses such as repairs, cleaning, utilities, and agent fees.
3. Cadastral Reference Number: Found on your IBI (local council tax) receipt.
4. Property Details: Information about your property, including its address and cadastral value.
5. Tenant Details: If you’re renting out long-term.

Why File Early?

Although the filing window closes on 20th January, waiting until the last minute to file your rental income tax could cause unnecessary stress. By filing early, you:

• Avoid Penalties: Filing on time ensures compliance with Spanish tax laws and prevents late fees.
• Ensure Accuracy: Early preparation gives you time to double-check your documents and calculations.
• Plan Your Finances: Knowing how much you owe ahead of time allows for better budgeting.

Why Choose IberianTax?

Navigating Spain’s tax system as a non-resident can be confusing, but IberianTax makes it so easy. Our platform is specifically designed for non-resident property owners, offering a simple, secure, and affordable way to file your taxes.

Here’s why you should file your rental income tax with us:

1. Hassle-Free Process: Our user-friendly platform guides you step-by-step, ensuring accuracy and compliance with Spanish tax laws.
2. Affordable Pricing: Filing your taxes with IberianTax starts at just €79.95, significantly cheaper than hiring an accountant.
3. Expert Support: Got questions? Our dedicated support team is on hand to assist you, providing fast and reliable answers.
4. All Online: You can file your taxes from anywhere in the world – there’s no need to visit Spain or hire a local gestor.
5. Secure and Certified: Your personal data is fully encrypted, and IberianTax is certified by the Spanish tax authorities (Agencia Tributaria).

Start Preparing Today

With the deadline looming, now is the time to start filing your rental income tax return. Don’t let the stress of last-minute filing ruin your start to the new year. By choosing IberianTax, you’ll enjoy a quick and efficient tax filing experience, giving you peace of mind that your obligations are handled professionally.

Sign up for your FREE account today and enjoy stress-free filing.

IberianTax… property taxes made simple!