Non-Resident Taxes on properties for individuals and companies
Non-Residents who operate in Spain are required to appoint a Fiscal
Representative to act on their behalf before the tax authorities.
However, this requirement does not apply to Non-Residents who own
only one property in Spain.
Non-Residents who carry on business in Spain through a permanent
establishment are required to register and pay taxes in Spain.
Non-Residents who rent property in Spain are required to declare
this income and pay tax here, even though they may also have to
declare the income in their country of residence.
Non-Residents individuals who own property here are required to
pay tax on an imputed income as well as the Patrimonio Tax, often
referred to as Wealth Tax.
Non-Resident Companies who own property in Spain are obliged to
present an annual return for the Special Tax on Property. Whether
such companies have to pay the Special Tax is determined by their
country of residence and their tax status there.
Non-Residents who sell property are required to present a Capital
Gains Tax return. Additional tax may be payable, or a refund due,
once the 5% retention has been taken into account.