 
Charges Taxes and Expenses for PropertyProperty Owners Imputed Income Tax(Impuesto sobre la Renta)
This is a tax that is levied on holiday homes and investment properties that are not let. Resident owners who can prove that their property in Spain is also their principal residence are exempt.
The amount of income imputed is generally 1.1% of the ‘valor catastral’. There is an exception in Marbella, where the catastral values are very low because the council has not revised them for many years, and there the imputed income is 2% of the catastral value. Non-residents are taxed at a flat rate of 24%. 
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The Purchasing Process
Charges Taxes and Expenses for PropertyOther Legal Matters |
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