Non-residents are generally required to calculate the taxes due, present the tax returns and pay their taxes in May and June of each year. The returns are made in respect of the previous tax year (which is the same as the calendar year in Spain).

 

Those who own just one property here are allowed to pay their taxes at any time during the year.

 

Our office can recommend you an accountant who could represent you in this respect. They normally charge from €60 per annum (plus VAT) for this service, according to the number of properties owned.

The Purchasing Process

• Finding a property
• Real Estate Agents
• Choosing a lawyer
• Negotiating the purchase
• The Reservation contract and Deposit
• Exchange of Private Purchase Contracts
• Completion
• Registry
• Special Considerations when buying Off-Plan
• Fees when buying
• Taxes when buying
• Other Expenses
• Differences between the contract price & the amount actually paid

Selling

• Real Estate Agent and Lawyer
• Fees when selling
• Fees when buying

Charges Taxes and Expenses for Property

• Service Charges in Community
• Annual Real Estate Tax (IBI)
• Rubbish Collection Tax
• Capital Assets Tax
• Property Owners Imputed Income Tax
• The Tax Returns
• Insurance
• Mortgages

Other Legal Matters

• NIE - Identification Number
• Open Spanish Bank Account
• Making a will in Spain
• Inheritance Tax
• Investment Opportunities in Spain