Non-Resident's Tax in Spain
As a Non Resident Property Owner, you have an obligation to pay tax on each
of your properties that
you own during the Spanish Tax Year.
Tax regulations in Spain can be complex and confusing
It is imperative that you pay your taxes on time as late submission may
incur a fine imposed by the
Spanish Government.
The Spanish tax year runs from 1st January to 31st
December and the tax is payable once a year in arrears. Each owner of a property must submit a form, for example if you owned a house during:
2007 (1st January 07 to 31st December 07)
As a Non-Resident you should have paid
both "Impuesto Sobre el Patrimonio (Wealth Tax Part) and "Impuesto Sobre la Renta de No
Resident, (Income Tax Part). Payment of this should have been made by either June 08 or
December 08 (date depending on individual circumstances)
If for Example you owned a house in 2008 (1st January 08 to 31st December 08)
Impuesto Patrimonio was abolished by the Spanish Government. But as a Non-Resident you are still obliged to pay the "Impuesto Sobre la Renta de No Resident" regardless of whether you receive income from your property or not.
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Qualified English Accountant, Sharon Roberts (FCCA) is experienced in completing Non-Resident Tax returns here in Spain, and can take the confusion and complexity out of preparing and submitting your Non-Resident Tax returns.
This is a direct tax which is levied according to the value of the property and
where the property is situated, and is payable each year.
(The value of Tax payable is calculated by the relevant Town Halls (bodies) and
this is payable by both Non Residents and Residents.
This is a direct tax payable to the relevant
Town Hall and is normally payable every quarter.