Posted: Sat Apr 16, 2016 10:28pm
Im sorry but I have been very busy for serching the website in English where Spanish Tax Agency explains how the tax for properties owned by non residents works. Here it is http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio/La_Agencia_Tributaria/Campanas/No_residentes/Impuesto_sobre_la_Renta_de_No_Residentes/Cuestiones_destacadas/Tributacion_de_los_inmuebles_urbanos_propiedad_de_no_residentes_personas_fisicas.shtml
Im trying to explain with an example. Please keep in mind that Tax Law is a unstable Law, what means that can change in the very near future. For now this is how it works:
Your house has a rateable value of 100,000 euros (if you dont know how much is this rateable value for your propety you can find it in the IBI bill, in the "VALOR CATASTRAL" section)
The non resident percentage tax is 24% for this year, so: 100,000 * 24% = 24,000 euros
The next step to calculate the tax is to apply the 2% or the 1,1% to 2,400 euros (To apply the 1,1 % or the 2 % will depend if the Spanish Tax Agency has reviewed the rateable value of your home in the last decade or not, the most likely scenario is that the Tax Agency has done their job and your house rateable value has been reviewed in the last 10 years)
So, 24,000 * 1,1% = 264´00 euros, which is the tax payable for a propety with a rateable value of 100,000 euros