What taxes do non-residents pay on a home in Spain?
Foreign demand for Spanish property continues to grow, making it increasingly important for buyers to understand the taxes that apply to non-resident homeowners. The purchase of a property is subject to VAT or Property Transfer Tax (ITP), depending on whether the home is new or resale, while Stamp Duty (AJD) may also apply. Non-residents who own property in Spain must meet ongoing tax obligations, and sellers are required to declare any capital gain or loss through Spain's Non-Resident Income Tax (IRNR) system.
