As a non-resident Spanish taxpayer, you are the proud owner of a real estate property on the Iberian Peninsula. The Spanish law, and more specifically the Royal Decree 5/2004, taxes the income obtained in Spain by both natural and legal non-residents.

Rental Properties

If your house or apartment is rented out, the property income must be declared quarterly to the tax authorities. The tax rate is 19% for French and European Union residents and 24% for others.

Non-rental Properties

Non primary real estate (second home) properties are also taxable. Notional rent is calculated based on the rateable value of the property and serves as a tax base

These revenues must be reported annually.
The tax rate is also 19% for French and European Union residents and 24% for others.

Partial Rental Properties

In this case, declarations must be made every 3 months for rent received. At the end of the year, you will also have to report notional rent for the corresponding portion of the non-rented period.