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TAX SYSTEM

Spain has signed a double taxation agreement with the European Union, Belgian buyers do not pay taxes twice. Therefore, taxes must be paid in Spain (see the rates section).

However, it is mandatory to declare the property on your Belgian tax return that may or may not influence your tax status.

spain

DECLARATION OF TAXES IN SPAIN

REAL ESTATE TAX

The property tax generally ranges between € 300 and € 700. As in most countries of the European Union, you will receive an invitation per year to pay this withholding tax.
NON-RESIDENT TAX

The non-resident tax is 19% of the 1.1% of the property’s cadastral value (from 24.75% to 19.5% on January 1, 2016 and then to 19% on January 1, 2017). Calculation example: for a property with a cadastral value of € 100,000, the tax is € 209 (that is, 19.5% of € 1100) ATTENTION The tax declaration of non-residents is a spontaneous declaration of the owner You will not receive any invitation to pay. The declaration can be made through the lawyer’s office or the residence administrator.

TAX DECLARATION IN YOUR COUNTRY

Since 2018, the law has changed in this respect and has been simplified.

You must declare an amount equal to 2% of the cadastral value of your Spanish property (cadastral value)

You will find this value in the payment document of the IBI (Real Estate Tax or “cadastre income”) that you receive each year in Spain. This “income” is totally exempt from taxes in most countries of the European Union, but through the mechanism of the reserve of progressivity, the tax burden on other income of Belgian origin can increase slightly.

When mentioning this amount, you should not significantly increase your taxation in your country, and avoid a notification of rectification of the statement with respect to taxes on income, with all the inconveniences that this document may cause.

If you are married and have bought the property together, here is how the taxable amount is distributed in most countries of the European Union.

  • If the property was acquired by two spouses without mentioning a particular part in the deed of acquisition, regardless of the spouses’ matrimonial regime, the amount to be declared will be recovered to half of each spouse.
  • If the acquisition deed mentions a particular action for each of the spouses, this distribution key will be used to determine the respective amounts that will be declared for each of the spouses.
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