Renting out a Spanish property as a non-resident: what tax do you pay?
Same flat, same rent, same tenant. The only variable is where you are tax resident.
Why the passport matters more than the flat
Spain taxes non-resident rental income under IRNR. There are two branches, and which one you land in is decided by where you are tax resident.
An EU or EEA landlord computes a net figure first: rent received, minus mortgage interest, IBI, community fees, insurance, repairs, management and the building amortisation. Tax applies to what is left.
A non-EU landlord does not get that step. The rate applies to the rent as received. Mortgage interest, the community fee, the year you replaced the boiler: none of it reduces the bill.
| Resident | Taxed on | Rate |
|---|---|---|
| EU / EEA | Net, after costs | 19% |
| Non-EU | Gross rent | 24% |
| Resident | Net, with a letting reduction | Your marginal rate |
Read from the reference table stamped above. A resident pays at their own income-tax rate, so there is no single figure.
What that does to a real yield
On a flat renting for 12,000 a year with 4,000 of genuine costs, the EU landlord is taxed on 8,000 and the non-EU landlord on 12,000. The non-EU bill is not slightly higher; it is calculated on a base half as large again.
| On 12,000 a year | EU / EEA | Non-EU |
|---|---|---|
| Rent received | €12,000 | €12,000 |
| Deductible costs | €4,000 | none allowed |
| Taxed on | €8,000 | €12,000 |
| Tax | €1,520 | €2,880 |
| Kept after costs and tax | €6,480 | €5,120 |
Illustrative rent and costs; the rates are live. Ignores the letting reduction a resident may claim.
This is why a headline gross yield is close to useless for a cross-border buyer, and why the same listing can be a reasonable investment for one person and a poor one for their neighbour.
When you have to file
Non-residents file Modelo 210. Orden HAC/623/2026 changed the calendar: rental self-assessments with tax to pay are now due in the first 20 calendar days of April of the following year, grouped or separately.
Any period the property was NOT let is taxed separately as imputed income, on its own Modelo 210, with a window running from 1 April to 31 December of the following year.
Residents do not use Modelo 210 at all: rental and imputed income both go on the annual Modelo 100 in the spring campaign.
What an EU landlord can actually deduct
Costs must relate to the letting and are apportioned to the days let. The usual ones: mortgage interest, IBI, community fees, home insurance, agency and management fees, repairs and maintenance, utilities you pay, and amortisation of the building at 3% of the higher of the construction value or the acquisition cost.
Interest plus repairs are capped at the rental income for the year. The excess is not lost; it carries forward.
Common questions
- Does a UK landlord still get EU treatment?
- No. Since the end of the transition period the UK is a third country for IRNR, so a UK-resident landlord is taxed on gross rent with no deductions.
- Can I deduct the mortgage interest as a non-EU landlord?
- Not under the rule as applied. A 2025 Audiencia Nacional decision found that denying it may breach the free movement of capital, which is a separate page, but it is not settled and the safe assumption remains no.
- What if the flat was empty for part of the year?
- The let days are taxed as rental income and the empty days as imputed income. Both are filed, and both are on the same annual return cycle.
- Is the tax withheld by the tenant?
- Not for a residential let to an individual. You self-assess and pay. A company tenant may be required to withhold.
- Do I pay tax in my own country too?
- Usually you declare it there and claim relief for the Spanish tax under the double tax treaty. Spain taxes it first because the property is here.
Estimate for orientation only - not tax, legal or financial advice. Figures are computed from versioned, dated reference rates and may be incomplete or out of date. Confirm with your gestor / asesor fiscal.