Taxes for those who are not unlimitedly liable for tax in Spain (Non-resident) Model 210
In Spain, you need to declare your property regardless of whether you rent it out or not.
If you are not unlimitedly liable for tax in Spain, i.e. you are liable for tax in another country, this is declared via tax model 210.
The number of declarations per year depends on whether you rent out or not.
If you do not rent out, this is declared once a year no later than 31/12 of the year following the declaration year.
The tax is calculated on the assessed value, the most recently revised assessed value (Municipally wise) and which country the owner comes from. The tax can be compared to a benefit taxation.
However, if you rent out, you need to declare the income via the same tax return and may need to be declared up to 5 times a year, depending on whether the return shows a profit or not.
If your property is in the Canary Islands, you also need to declare the local VAT (IGIC) 5 times a year, 4 quarters (Model 420) and a summary for the year (Model 425).
However, there is an exception. Currently, those who do not exceed an income (Sales/Turnover) of EUR 30,000 per year either need to pay IGIC or not declare it ,if you don´t handle the lease through a company. However, an annual summary must be carried out.
Private individuals are not required by the authorities to keep accounting, but in the event of an inspection, all documentation will be required. Therefore, it is important that you as the owner know what can be included as an expense or not.
We can offer 3 different options for you who rent out:
For those who do not have income over EUR 30,000 per year and only declare model 210.
You do the calculation yourself and send it to us once per quarter. With this calculation, we prepare the declaration and send it in. You are responsible for the accuracy of the information you sent us if an inspection occurs. In this case, we therefore do not check the documents but declare based on the figures you provided in the summary.
For those who do not have income over EUR 30,000 per year and only declare model 210.
You send us the calculation together with the supporting documents, i.e. invoices, purchases and a summary of the income from the rental from the system you use for the rental. You also need to send us statements from your bank account where the transactions are clearly visible.
For you that uses a rental company or who have income over 30,000 where we need to declare to both the national and the Canary Islands Tax Agency.
You send us the calculation together with the supporting documents, i.e. invoices, purchases and a summary of the income from the rental from the system you use for the rental. You also need to send us statements from your bank account where the transactions are clearly visible.
More information in the Spanish tax office web:
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