Marbella-based Larraín Nesbitt Abogados (LNA) has over 23 years of experience at your service. We offer a wide range of 60 legal and corporate services. Our team of native English-speaking lawyers and economists have a long track record of successfully assisting expats all over Spain. You can review here our client’s testimonials.
Did you know that non-resident landlords in Spain can save an average of 70% in taxes? Interested? Read on.
Being a landlord in Spain has never been more profitable than today:
- Rental yields climbed by two digits in 2025.
- Tourist rentals have a safe net yield of 7% (coastal areas command higher yields) as opposed to long-term rentals, which have an average net yield of 4%
- Spain broke its tourist record, again. It has consolidated its hospitality status as the world’s second tourist destination, attracting over 100 million visitors in 2025. They all need accommodation
- Spain has a severe housing supply shortage, which drives rental prices up
All EU/EEA property owners, who lease property in Spain, are entitled to deduct from their tax bill all property-related expenses. Iceland, Liechtenstein and Norway tax residents may also benefit from these generous tax deductions. Switzerland is excluded.
That is quite a lot of money you can offset, greatly mitigating your landlord tax bill. This translates into average tax savings of 70%, or more, for landlords. If you are not an EU resident, you cannot benefit from it.
Landlord tax relief
Landlords may claim as tax relief the following property-related expenses:
- Interests arising from a mortgage loan.
- Local taxes, administrative charges, and surcharges
- Expenses arising from formalising rental contracts
- Maintenance costs may be offset
- Community of owners’ fees
- Home insurance premiums
- Property repairs
- Utility invoices (electricity, water, gas)
- Cleaning
- Concierge, gardening, alarm & security services
- Lawyer’s fees (100% tax-deductible)
- Property management fees
- Advertising expenses
- Marketing expenses
- Home depreciation and amortisation
Requirements to benefit from lenient tax allowances:
- You are tax resident in the Union or EEA (nationality is irrelevant)
- The expenses you claim are in direct relation towards the upkeep of the property
- You have VAT invoices to back up your tax relief claim
Real client examples on how much money you stand to save on renting out:
| Rental income € | Tax (19%) | Tax paid | Tax savings (%) | |
| Client 1 | 13,858 | 2,633 | 423.61 | 84 |
| Client 2 | 23,147 | 4,398 | 2,230 | 49 |
| Client 3 | 12,229 | 2,324 | 777 | 67 |
| Client 4 | 10,038 | 1,907 | 483 | 75 |
| Client 5 | 24,473 | 4,650 | 2,490 | 46 |
We offer the most competitive fees in the market.
- Holiday Rental Accounting Service (HRAS)
- Only 125/property/year
We specialise in taxation.
Related tax and legal services LNA offer:
- Holiday Rental Accounting Service (HRAS)
- VUDA/NRA annual landlord report filing
- Tourism licence - Registration of Holiday Homes (only Andalusia)
- Police tourist registration
- Apply for an NRA rental code (short-term lets/holiday homes/seasonal lets)
- Non-Resident Imputed Income Tax, NRIIT (Annual Fiscal Representation Service)
At LNA, our friendly team can assist you in buying (or selling) your property anywhere in Spain. We can also get you any residence visa in Spain. Give us a call!
At Larrain Nesbitt Abogados (LNA) we have over 23 years of experience specialising in property conveyance and taxation all over Spain. We also assist clients with immigration & residency visas, and inheritance procedures (probate). You can contact us by email at info@larrainnesbitt.com, by telephone on our UK line (+44) 0754 3838 218, or Spanish line (+34) 952 19 22 88, or by completing our contact form.
Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarising, whether in whole or in part, this article without crediting the author may result in criminal prosecution. Ní neart go cur le chéile. VOV.
Larraín Nesbitt Abogados, small on fees, BIG on service.
2026© Raymundo Larraín Nesbitt. All Rights Reserved.
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