Who has to pay property tax on a rental in 2023?
Almost all properties are subject to Property Tax (IBI), but who should pay it when renting, the owner or the tenant?
The importance of domiciling IBI tax (and rubbish collection tax) in Spain
Unbeknownst to most non-resident property owners, on buying property in Spain, you automatically become liable to pay IBI and rubbish tax on the following year.
Andalusia extends its tax breaks on buying property, making them indefinite
As we had published in idealista previously (Andalusia lowers taxes, including Property Transfer Tax and Stamp Duty -13th May 2021), Andalusia slashed its taxes on buying property (both on resale and off-plan property) in a bid to combat the adverse effects of Covid-19 in the economy.
IBI Tax Explained
Unbeknownst to most non-resident property owners, on buying property in Spain, you automatically become liable to pay IBI tax the following year. No one will give you the heads up on this tax, so it is up to you to find out how much you owe and comply with your local Tax Authorities.
Home-seller's checklist
Congratulations, you have found a buyer for your Spanish property! You should now instruct a lawyer to represent you in the sale, particularly if you are non-resident in Spain.
To secure the deal, your appointed lawyer will require from you a long list of documents you should have ready at hand.
Taxes: find out what changed in Spain in 2019
All transactions are taxed and even more so if they involve real estate. This year there have been several new developments related to taxes in Spain, specifically those regarding municipal capital gains, property and personal income.
What are the running costs of a house in Spain?
It’s all very well knowing where you want to buy property in Spain and how much the average house prices are there, but what about the price of upkeep and maintenance?
The 10 things you need to sell a Spanish property
Selling a home is often a costly process, not only economically, but also in terms of time, effort and emotion.
No more 60% tax reduction for owners of holiday rental apartments
Until now, owners of holiday rental properties have been able to enjoy a 60% reduction in their income tax rate.
Tell me what part of Spain you live in and I’ll tell you the latest property tax news
Many Spanish Autonomous Communities have already approved their budgets for this year, pre-empting the government, which hopes to be able to present its General Budget of State 2018 before Easter.
What are the costs involved in buying a property in Spain?
The cost of buying a house is more than just your monthly mortgage payments.