Tax Advice > Services > Non-Residents > Declaration of real estate rentals

Declaration of real estate rentals

When a non-resident owns real estate in Spain and rents it out, tax obligations arise for this person. The profit or loss obtained from this rental must be declared in Spain, and once the double taxation agreement between your country of residence and Spain has been analysed, the possibility of deducting this tax in your income tax return in your country of residence will be determined.

Depending on whether you are resident in an EU country or in a third country, you will be able to deduct certain expenses and will be taxed at a different rate.

We can help you to prepare your non-resident income tax return to declare your property rentals in due time and form and advise you on the possible deduction of taxes paid in Spain in your home country.

Disclaimer

These questions and answers have been prepared by analysing specific cases that may not be of generic application, therefore, if you want personalised advice, please contact us, as the resolution of these questions may not be applicable to your specific case and may lead to a harmful result or contrary to the legal system. The company is not responsable for the content of the questions and answers, as a tax study must be carried out for each specific case in order to make decisions.

FAQs

Article 15 of the IRNR Law establishes that taxpayers who obtain income without the intermediation of a permanent establishment will be taxed separately for each total or partial merit of income subject to taxation, without it being possible to compensate between them. Therefore, if a property has not been rented in a period, but the reserve fees have been payable, the rent must be declared in the quarter in which the income has been received.

Date of update: 14/03/2022

For non-resident owners of properties in Spain, who reside within the European Union and rent these properties, the tax rate is 19% and expenses can be deducted. Due to Brexit, British people are considered non-Europeans for tax purposes, so the tax rate for these incomes is 24% without the possibility of deducting expenses related to the property.

Date of update: 11/08/2021

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