ARCHIVED - December 31st Tax Deadline For Second Home Owners In Spain

If you are non-resident in Spain but own a second home here which you do not rent out, you are still liable to pay tax on your property. 

The deadline for these Modelo 210 submissions is now looming – as returns and payments must be completed by December 31st.

An estimated 600,000 Brits have invested in holiday homes across both the Iberian Peninsula and popular Spanish holiday islands such as Ibiza and Tenerife. However, many overseas owners remain unaware of their annual liability.

Even though these non-resident owners don’t receive any rental income from their second home in Spain they still have to pay an annual tax on the property – the Modelo 210.  As the Spanish tax authorities deem the property to be an asset which could always be rented out in the future.

Save Money - Pay Your Modelo 210 Taxes Online

Spanish Taxes Online  is a new service that has been created by professional accountants to solve this very problem and save property owners time, money and all of the hassle of interacting with the Spanish tax authorities.

Their service is quick and easy to use and they take care of the whole process for you by calculating your tax, filling out and then filing the return on your behalf – before providing you with an official receipt.  All for the low cost of just €59 plus VAT – which is much cheaper than using a lawyer or accountancy service.

What Happens If I Don’t Pay?

Failure to pay can lead to complications when you come to sell your property in Spain.  For example, the unpaid tax accrues, along with fines for late payment and this amount is then levied against the property – leaving a substantial sum that has to be cleared before title deeds can be exchanged and the property sale completed.

The Spanish tax authorities have also been known to contact non-resident owners direct and in extreme cases extract monies owed from non-resident bank accounts.