I’m Renting my Property in Spain

Do I need to pay Taxes?

If you are non resident in Spain and you are renting out your property here, you will need to pay Taxes on your rental incomes, every three months through completing the form ‘210’.

When are the taxes due?

The Tax forms must to be submitted on the following way:

Incomes for January, February and March. Between the 1st and the 20th of April
Incomes for April, May and June. Between the 1st and the 20th of July
Incomes for July, August and September. Between the 1st and the 20th of October
Incomes for October, November and December. Between the 1st and the 20t of January

How it works?

*For Tax payers who are non residents in the European Union: The Tax to be paid is 24% on the total income. You are now allowed to deduct any expenses you may incur through the rental process.

*For Tax payers who are residents in the European Union: The Tax to be paid is 19% on the net profit.

The net profit is calculated, deducting the expenses (proportional to the days that the property has been rented out within each tax period) to the total income.

Some of the most common deductible expenses are:

Supplies
Community
Local rates
Management fee for the company dealing with the rental
Cleaning
Home insurances

Bear in mind that you will need to be in possession of the invoices in order to justify the expenses, as you may be requested to show then at any stage.

What if I don´t pay?

Failure to pay Tax will probably result in penalties plus delayed interest.

The delayed interest is calculated as follows:

5% if the payment is done within 3 months later.
10% if the payment is done between 3 and 6 months later.
15% if the payment is done between 6 and 12 months later.
20% if the payment is done after one year.

Remember that rental companies or websites platforms specialising in rentals, such as Airbnb or Booking.com have the obligation to inform the Spanish Tax office about rentals booked through them so the Tax office will be aware that the property is being rented.