Wealth and Income Tax

All non-residents who own a property in Spain are liable to pay wealth and income tax based on the ratable value of their property (in the case of a new property not yet assesed this can be calculated on title deed value).

These taxes each year are paid irrespective of whether the owner has an income from their property or not.

These taxes are normally very low and are a very small percentage of the property value.

It is the responsibility of the home owner to complete the required tax forms and make the payment to the tax authorities.