Specific real-estate taxation issues
Taxation corresponding to income, capital gains and imputed income
Types of income from real estate
Income derived from properties located in Spain is subject to Income Tax for Non-Residents.
If a property is owned by a couple or several people, each of them is an independent taxpayer who must file separate returns.
Income that taxpayers who own real estate can obtain is:
In the case of non-resident natural person taxpayer :
- imputed income from urban properties, if the property is for own use or is unoccupied
- income from leased properties, if the property is rented
- capital gain, in case of sale of the property
In the case of taxpayer, legal entity or non-resident entity:
- income from leased properties, if the property is rented
- capital gain, in case of sale of the property.
- If the entity is resident in a tax haven (effective July 11, 2021, references made to tax havens are understood to be made to the definition of a non-cooperative jurisdiction), it may be subject to the Special Lien on Real Property of Non-Cooperative Entities. Residents.