Just curious really..
Are there any members here who own a property in Spain that they rent out, either long-term or short-term, if so what percentage of tax would be paid on the income of the property?
Thanks 🙂
Posted: Sun Jul 3, 2022 11:11pm
Helpful member
I don’t know but I would guess at 20%+
got to be at least in line with earned income from any other sources
Posted: Sun Jul 3, 2022 11:12pm
Helpful member
Moreover, do you have the appropriate license for renting out?…
I understand they can be quite hard to come by in some areas
Posted: Mon Jul 4, 2022 1:19am
Legendary helpful member
Hi Tricia,
A UK citizen, not resident in Spain and renting out their Spanish property would pay income tax of 24% with no allowable deductions, payable quarterly. For periods when the property is not rented out, you would pay an imputed non-resident tax.
For short-term holiday lets, you would need to hold a Tourist Licence, although this would not be required for longer term lets of, typically, 90 days or more.
Kind regards,
Kim
Posted: Mon Jul 4, 2022 8:21pm
Legendary helpful member
It comes down to where you reside. If in the EU the tax is 19% after a few allowable deductions. If a non-EU resident then a straight 24% on gross rental. As a non-resident of Spain tax is payable quarterly.
Long term residential letting requires a contract in Spanish that meets legal requirements. Holiday (non-residential) letting requires a Tourist License as well as a contract and guests will need to be registered on arrival.
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