Mission Statement: to assist the integration of foreign residents living in Spain
By EWN •
Published: 14 Nov 2024 • 14:30
• 2 minutes read
For non-residents who own property in Spain, understanding local tax obligations is essential. Spain has specific tax rules for non-residents, including distinct requirements around property ownership and rental income. Taxadora.com specialises in making these processes easy and affordable, assisting thousands of clients each year.
Non-Resident Tax: Renta Imputada vs. IBI Tax and Rental Income
Non-residents who own property in Spain need to distinguish between Renta Imputada and the local property tax known as Impuesto sobre Bienes Inmuebles (IBI). While IBI is a municipal property tax paid by all property owners (similar to council tax), Renta Imputada is an additional, separate tax on the imputed rental value of a property for non-residents who aren’t renting it out. Calculated as a percentage of the property’s cadastral value, Renta Imputada essentially taxes the property’s theoretical rental value.
For those who do rent out their property, non-residents must also declare the actual rental income and pay tax on that amount. Managing these declarations can be complex, but Taxadora.com helps clients handle all aspects, from tax calculations to filing the correct forms, so they can stay compliant without stress.
Income Taxes for Residents
Resident taxpayers in Spain face different obligations, as they are taxed on their worldwide income. This includes earnings from wages, investments, and rental income. For residents, declaring all income annually requires an in-depth understanding of Spanish tax brackets and extensive documentation. Taxadora.com also assists residents, offering professional support for a smooth filing process.
Determining Residency Status
Knowing whether you’re a resident or non-resident for tax purposes is crucial. Spending more than 183 days per year in Spain, or having Spain as a primary financial or family centre, typically means you’re a resident. Taxadora.com helps clients confirm their status, ensuring they meet the correct tax obligations.
Affordable Tax Solutions
With fees as low as 30 € per tax return, Taxadora.com is an affordable alternative to traditional law firms, offering non-residents a straightforward way to handle Spanish taxes. Serving thousands of clients each year—many of whom are holiday homeowners living abroad—Taxadora.com provides reliable, cost-effective tax compliance, giving clients peace of mind and clarity in their Spanish tax responsibilities.
Want to simplify your Spanish taxes? Try Taxadora!
Visit us at https://www.taxadora.com
Contact us at: [email protected]
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