Frequently asked questions

The NIE is necessary to carry out most monetary transactions, tax payments and registration of deeds.

The Tax to be paid depends on several factors, whether it is the purchase of a newly built house, a second-hand one, whether you are going to use it as a habitual residence, and it also varies depending on the autonomous community in which the house is located. That is why it is important to consult with a specialist.

Yes, you have to pay the Wealth and Income Tax as a Non-Resident, together with the Local Taxes on the property to the City Council (Town Hall). These Taxes are paid regardless of whether the property is used or not.

All owners must pay the Wealth Tax and Income Tax for Non-Residents, as well as local Taxes and fees. All of them in the proportion that corresponds to them.

No, the Tax to be paid is the same, regardless of whether there are one or more owners. If there is only one owner, they will pay 100% of the Tax corresponding to that property. If there are more than one owner, the amount to be paid is divided according to the percentage that each owner owns.

For example, if there are four owners and each one has 25% of the property, then each one will pay 25% of the Tax.

If you have sold a property, you do not pay Taxes after the date of sale. However, you will have to pay the amounts corresponding to the date of the transaction.

The Wealth Tax for Non-Residents is paid one year in arrears. This means that the following year of the sale, the Wealth Tax corresponding to the period in which the transfer was made must be paid. In this case, you will not pay Taxes for the entire year, only up to the date of the sale.

Local Rates may take several years to be issued by the Town Hall, depending on the area where the property is located.

The amount to be paid is determined based on the values ​​and coefficients given by the Town Hall for each property. Once the first invoice has been issued, it is possible to make estimates for the following years.

Specifically, you are asked to sign the document stating that you are not a Tax Resident in Spain, which states your county of residence.

This document is valid for two years and it will be your own bank to which you will send the renewal once this period has elapsed.

The Fiscal Representation Contract covers the fiscal year, which in Spain runs from the 1^st January to 31^st December, and is automatically renewed year after year unless you expressly request a change.

It used to be known as Municipal Plus Valia, but now it is called Tax on the increase in the value of urban land. It is paid to the City Council (Town Hall) where the property is located and is calculated on the increase in the value of the same.

As a Non-Resident in Spain, 3% of the declared value is withheld, however, the Municipal Capital Gains Tax is calculated at 19% if a profit has been made.

It is not mandatory, but it is highly recommended due to the costs and documentation to be obtained at the time of inheritance if no Spanish Will has been made.

The inheritance Tax is calculated on the value of the assets to be inherited and depending on the degree of kinship.