Property tax in Spain
See what Spain's tax rules do to your property portfolio.
What Freeholt models for property, income and retirement in Spain, and what it does not.
Free to start. No card. Rules reviewed 1 July 2026.
Modelled here
- Tax on rental income
- Capital gains on a sale
- Duty on purchase (approximate)
- Annual property or land tax
EUR · Rates as at 1 July 2026 · Estimates, not advice
Residents pay IRPF on net rent with a 50% reduction for long term residential lets (Ley 12/2023, contracts from 26 May 2023; the older 60% applies only to earlier ones). Enhanced 60/70/90% reductions are not modelled. Non residents: EU/EEA residents pay 19% on NET rent; everyone else (incl. UK/US) pays 24% on GROSS rent with no deductions.
How rental income is taxed in Spain
For a resident owner: Progressive rates from 19% to 47%, stacked on other income in this country. The top rate of 47% applies above €300,000. Only 50% of a positive net is taxable. For an owner living abroad and renting this out: A flat 24% on gross rent. Residents of the EU or EEA are treated differently again, and Freeholt applies that branch when it knows the owner's country of residence.
Interest and losses
Mortgage interest is deductible against the rent. A rental loss is ring fenced: it carries forward against future rental income rather than reducing other income now.
Capital gains on a sale
Gains are added to income and taxed at the marginal income rate. 3% of the SALE PRICE is withheld at settlement from a non resident seller. It is a credit against the bill, not an extra tax, but it is cash the seller does not get on the day.
Annual property tax while holding
About 0.66% a year, charged not on the market price but on the official assessed value, which is typically nearer 50% of it. Enter the assessed value on the property and the estimate sharpens.
What it costs to buy
Purchase duty here is more than a single rate, and Freeholt prices the published rules rather than an average. Resale homes attract regional transfer tax (ITP, ~6 to 13%); new builds pay 10% VAT plus ~1.5% stamp duty. A proposed 100% non EU buyer surcharge is NOT law.
How Freeholt models Spain
Every rate above is priced from Freeholt's own table for Spain and runs through the whole projection: rental income, a modelled sale and the annual holding costs all use the same figures. They cannot be edited yet, so a position that differs from the defaults has to be read with that in mind. The estimate assumes an individual owner rather than a company or trust, and where a rule is not modelled it is listed below rather than quietly priced at zero.
What running this property costs
In Spain this covers the IBI municipal property tax, community fees (comunidad), home insurance, maintenance and ~5 to 10% management fees.
How borrowing works here
Terms up to ~25 to 30 years; non residents are typically capped near 60 to 70% LTV and often pay a small rate premium.
What actually happened here
This country's own record, one year at a time. Nothing on this page is borrowed from another country. Move across a chart to read a year.
Recent rule changes in Spain
- 2025-01-01 A 100% purchase tax on non EU buyers was announced and drafted as a bill. It is NOT law, was still not debated as at March 2026, and is never priced into an estimate.(proposed only, never priced into your figures)
- A 100% state surcharge on second hand purchases by non EU non residents was submitted to Congress (22 May 2025) but never debated. Not law, not computed.(proposed only, never priced into your figures)
What Freeholt models here
- ModelledTax on rental income
- Resident and non resident rates, with interest and losses treated under the local rule.
- ModelledCapital gains on a sale
- Priced in the year of the sale under the rules of that year.
- ApproximateDuty on purchase
- The published scale is priced from the rules in force, which differ by band and are summarised here.
- ModelledAnnual property or land tax
- Charged every year the property is held.
- Not yetIncome tax beyond the rent
- Not modelled for this country yet.
- Not yetDividends, interest and share sales
- Not modelled for this country yet.
- Not yetRetirement savings
- Not modelled for this country yet.
- Not yetInheritance and what happens on death
- Not modelled for this country yet.
What Freeholt does not model here
- Inheritance and estate tax
- Treaty relief between this country and the owner's country of residence
Coverage deepens country by country. Every figure is an estimate, not advice.
Compare with another country
Each page is built from the same table the app runs on, so the figures line up side by side.
Compare Spain with another country — rent, gains, annual tax and duty, side by side.
Questions people ask
- Does Freeholt model Spain property tax?
- Yes. Rental income tax, capital gains on a sale, duty on purchase and annual property or land tax are priced from Freeholt's own rate table for Spain. Duty on purchase carries a simplification that the page names beside the figure. The rates are not editable yet, so one that differs in a particular case cannot be overridden. Every figure is an estimate, not advice.
- How is rental income from Spain taxed if I live somewhere else?
- A flat 24% on gross rent. Tax may also be due in the country of residence, with credit for what was paid here. Estimates only, not advice.
- What are the Spain figures as at?
- The rate table for Spain was last reviewed on 1 July 2026. Freeholt date stamps every country rather than implying all of them were checked on the same day. Estimates only, not advice.
Model a property in Spain alongside everything else you own: see the year your portfolio starts paying you back.