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 marriage or several people, each of them is an independent taxpayer who must file separate tax returns.
The income that the tax payers who own real estate can obtain is:
In the case of taxpayer, non-resident natural person:
- Imputed rent of urban properties, if the property is for own use or is unoccupied
- Income from leased properties, if the property is rented
- Capital gain, in the event of sale of the property
In the case of taxpayer, legal person or non-resident entity:
- Income from leased properties, if the property is rented
- Capital gain, in the event of sale of the property.
- If the entity is a resident of a tax haven (with effect from 11 July 2021, references made to tax havens are understood to be made to the definition of non-cooperative jurisdiction), it may be subject to the Special Tax on Non-Resident Entities Property.