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Date Published: 12/11/2024

Deadline for non-resident tax approaching: Act before this date in December

You must ensure compliance with your tax obligations in order to avoid penalties on Spanish property ownership

As the end of the year draws near, non-resident property owners in Spain are reminded of their obligation to file the Non-Resident Tax (NRT), known as Modelo 210. This annual tax, due by December 31 of each year, applies to anyone who owns property in Spain but is not considered a tax resident.

As tax experts Gestoría Carvajal explain, the tax amount is not a fixed rate but instead calculated on the ‘fiscal value’ of the property, as assessed by the local town hall. Specific percentages and rates are then applied to determine the final amount payable.

Non-resident property owners in Spain are urged to seek professional advice to understand the exact tax due and how best to fulfil this requirement.

Each year, it’s recommended that non-residents consult their home country’s tax office to determine if the Spanish Non-Resident Tax can be offset against local personal income tax. This can help in managing overall tax obligations more efficiently.

Not paying the Non-Resident Tax on time could lead to significant issues, particularly if the property is sold. In such cases, unpaid taxes from previous years must be settled to reclaim any tax withheld by the Hacienda, Spain’s tax authority.

Failure to file could also result in charges being placed against the property by the authorities, a situation best avoided by filing early.

Gestoría Carvajal urges all non-residents to contact them well ahead of the December 31 deadline for assistance with Modelo 210 and to avoid last-minute complications. Use the details below to reach out: