AirBnb and other property portals have been busy informing their clients that they will disclose all their tax details over to the Spanish Tax Office. Are you up-to-date with your Spanish taxes? Have you been declaring and paying tax in Spain on your rental income? We file taxes all over Spain.
Blog post copyrighted © 2018. Plagiarism will be criminally prosecuted.
By Raymundo Larraín Nesbitt
Lawyer – Abogado
21st of December 2018
Property portals have been busy sending emails over the last week to expat clients (‘hosts’, in their terminology) informing them that going forward they will be passing on all their tax details over to the Spanish Tax Authorities as from the 1st of January 2019. The details passed on to the tax Authorities will be retroactive as from the 1st of January 2018. However, this does not preclude the fact that the Spanish Tax Office is entitled to collect taxes going back four years (statute of limitations).
In Spain, when you rent out a property you are taxed at source. In other words, you need to declare and pay taxes on your rental income in Spain, not elsewhere i.e. in your home country. On being non-resident and owning property in Spain, you are liable for the following two taxes:
The most interesting part of our taxation service, is that if you are EU-resident we can bring down your tax bill by an average of 70%. Ask us.
We offer two different taxation services which are very competitively priced. The service is provided always by native English-speaking lawyers and economists.
Fines for non-payment of tax on rental income range from 50 to 150% of the undeclared amounts, plus delay interests. Any unpaid tax can be placed as a charge against your Spanish property.
If you are not up to date with your Spanish taxation, don’t procrastinate any longer; contact us ASAP and see how we can help you out.
Be pro-active, do not allow the Spanish taxman to slap you a huge fine in 2019!
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