All owners of a property in Spain who are TAX RESIDENTS ABROAD (i.e. not tax residents in Spain ) are obliged to present and pay for the Declaration of Income Tax for Non-Residents (Form 210) on an annual basis. (Please don’t confuse with the Wealth Tax).
The deadline to present the Income Tax declaration (form 210) corresponding to the year 2022, is the 31st of December 2023 but obviously, we do not advise leaving it until the last minute as we have to take into account that this period coincides with the Christmas holiday period. If you are already a client of Bravo Legal, you can expect to hear from us about this in October/November.
The obligation stems from being an owner of a property and a non-resident, as the law considers from these facts, that you are getting a deemed income. It doesn’t matter whether you rent your property out or not, even if you don’t receive any real income as such, you are still obliged to present this tax declaration.
If the property is in the name of a number of people, each person must present his/her own form 210, according to the proportion they own.
In the case you receive a rental income, the Tax Office establishes a different procedure and deadlines. (Please read this: https://bravolegal.es/the-new-law-for-holiday-rentals-tax-implications/), Whether or not, you must always file the annual tax declaration.
If you would like to use our services for the preparation and payment of your Non-Resident Income Tax declaration, we would like to inform you that our fees are as follows:
- 1 Property with 2 named owners (two forms 210): 140,00 Euros + IVA : 169,40 Euros in total
- 1 Property in the name of 1 person only: 115,00 Euros + IVA : 139,15 Euros in total
- Other cases (several properties, more than 2 owners, etc.): Please get in touch.
In order to prepare the declaration, we will need the following documentation from you:
- A copy of your purchase Title Deeds ( escritura ).
- Copy of your NIE certificate(s). One for each person named on the Deeds
- The rates bill (IBI) of all your properties in Spain (including garages and storage rooms), which is what you pay to the Town Hall yearly, ideally for YEAR 2022, or the latest available.
Finally, please be aware that if you sell you property and you are entitled to receive a refund of the 3% withheld, you won’t get that money back unless you have paid the income tax for the last years. For example, if you sell your property in 2023, you will need to pay the Income Tax for the years 2018, 2019, 2020, 2021, 2022 and the proportional part of 2023 (unless you bought the property more recently of course)
If you would like to contact us for us to carry out this work for you, please do so by sending an e-mail to the following address: nonresidents@bravolegal.es
IMPORTANT NOTE. Last years, some of our clients who chose the modality of payment by direct debit (i.e. the Tax Office charges the taxes directly into their bank accounts) had problems with the payment because their banks rejected the debit for different reasons. This is why, in order to leave no room for possible problems, we are strongly recommending all our clients to pay the tax by bank transfer to our client’s account, and we will process the payment to the Tax Office. Should you have any queries or concerns, please contact us by e-mail.