Non Residents Tax – modelo 210 – The One Stop Problem Shop

“Non Letting Tax” Modelo 210

If as a non resident you own a Spanish property that is for for personal use and NOT let out at all it is liable to pay tax called Renta Imputada – Deemed Income tax declarable on a form called Modelo 210. If your property is left empty, even though you do not let out your holiday home for gain, Spanish law assumes you have what is called a “Deemed (Rental) Income” which is subject to non-resident Income Tax. The “Deemed (Rental) Income”, which historically was included on the old Modelo 214 form, is now declared on a Modelo 210 …

Reclaiming 3% Retention Held back from Property Sale

If you are a fiscal resident in Spain and can produce a certificate of fiscal residence from the Spanish tax authorities the gain you make on the sale of a property will be taxed and included as part of your anual declaración de la renta. However if you are a NON fiscal resident in Spain an amount of 3% of the sale price of your Spanish property will be witheld and paid to the Spanish tax offce regardless of whether you have made a profit or not! If you have made little or no profit you may be able to …

Non-Resident Home Owners and Annual Property Taxes

After legislative changes in 2008 many non-resident owners of property in Spain were under the misconception that they can forget about submitting their annual tax forms! It would be nice but it is not the case. Up until the end of 2007 all non-residents with property in Spain were also liable to pay a “wealth tax” (Patrimonio) which was calculated on the value of their assets in Spain (i.e. property, savings, etc.) With the introduction of Spanish Law 4/2008 passed on the 23 December 2008, the tax was amended by reducing the taxable base to zero. Is this technically a …

How to Find Your Catastral Information

As some of you may have noticed if you pay your “Impuestos Sobre Bienes Inmuebles” (local authority rates) through your bank they are no longer giving the full details on the bank slips as they did before the arrival of SEPA bank payment rules. If you have presented a modelo 210 previously you will know that the amount you pay is calculated using the “Valor Catastral” (Rateable Value) of your property in Spain and this is no longer shown on the receipt itself. The information now has to be found on line. For IBI payments made from 1st January 2018 …