For non-resident property owners in Spain, staying on top of your tax obligations is crucial to avoid penalties and ensure compliance with Spanish tax laws. Non-resident taxes are an unavoidable part of owning property in Spain, and with upcoming deadlines fast approaching, you need to take action now to get your taxes sorted in time. Here’s everything you need to know.
What Taxes Do Non-Residents Have to Pay?
If you’re a non-resident who owns property in Spain, there are a few key taxes you’ll need to be aware of:
1. Imputed Income Tax
Even if your property isn’t rented out and is only used for personal use (or remains empty), you’re still required to pay Imputed Income Tax. This tax is calculated based on the cadastral value of your property (a value assigned by the Spanish government for tax purposes). It’s essentially a tax on the potential income the property could generate.
- Deadline: For the 2023 tax year, you’ll need to file yours by 31st December 2024.
2. Rental Income Tax
If you rent out your property, either for short-term holiday lets or long-term rentals, you’re required to pay Rental Income Tax on the income earned. The rate is 24% for non-EU/EEA residents and 19% for EU/EEA residents. You can also deduct allowable expenses, such as maintenance costs or property management fees if you qualify.
- Deadline: The filing window for 2024 rental income tax is from 1st to 20th January 2025.
3. Capital Gains Tax
If you’ve sold your property in Spain, or if you’re about to sell, you’ll need to pay Capital Gains Tax if you’ve made a profit from the sale. The tax rate for Capital Gains Tax is set at 19%, regardless of your residency status (EU or non-EU). You’ll need to ensure that this is paid within 4 months of the sale date.
Upcoming Deadlines for Non-Resident Taxes
With two major deadlines looming, it’s important to act quickly to avoid penalties:
- 20th December 2024: Deadline for setting up a direct debit with IberianTax to pay your Imputed Income Tax.
- 31st December 2024: Final deadline for filing and paying your Imputed Income Tax for 2023.
- 1st – 20th January 2025: Filing window for Rental Income Tax for income earned in 2024.
Why Choose IberianTax?
Managing your non-resident taxes doesn’t have to be stressful or time-consuming. At IberianTax, we specialise in making tax filing simple, secure, and affordable for non-resident property owners.
- User-Friendly Online Platform: File your taxes from the comfort of your home, anywhere in the world. The platform guides you step-by-step, ensuring accuracy and compliance with Spanish tax laws.
- Transparent Pricing: Our services start at just €34.95, making us a much more affordable than an accountant.
- Fast and Reliable: Complete your tax return in minutes with our easy-to-navigate system. Once submitted, we’ll handle the rest, including sending your form to the Spanish tax authorities.
- Secure and Approved: All your personal data is securely encrypted, and we’re certified by the Spanish tax authorities, giving you peace of mind.
- Expert & Multi-Lingual Support: Got a question? Our dedicated customer service team is always on hand to assist you in English, German and French.
With IberianTax, you’ll save time, money, and avoid the hassle of dealing with complex tax forms. Whether you need to file your Imputed Income Tax, Rental Income Tax or even Capital Gains Tax, our system is built to make the process as smooth as possible.
Don’t Wait Until It’s Too Late
Filing your non-resident taxes might feel like a daunting task, but with IberianTax, it’s never been easier. Whether you need help calculating your taxes, understanding allowable deductions, or simply need to ask for advice, we’ve got you covered.
Take action today:
- Visit IberianTax’s website to create your free account.
- Use our Tax Calculator to see exactly how much you owe.
- Access our Help Desk if you have any questions or need support.
With upcoming deadlines just around the corner, now is the perfect time to get started. Avoid penalties, save money, and enjoy peace of mind with IberianTax. Click here to file your taxes today! Top of FormBottom of Form
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