Stage 04 of 08
Spanish taxes
Purchase taxes, annual taxes and what changed for UK owners after Brexit.
Your tax obligations as a non-resident owner
What a UK owner pays in Spain each year, including the tax on a property you never let out.
Transfer tax and VAT when you buy
What you pay on a resale versus a new-build, and why the region matters more than you would expect.
The annual property tax (IBI) explained
How IBI is calculated from the cadastral value, what it typically costs and when it falls due.
Tax on rental income in Spain
The 24 per cent rate, why you cannot deduct costs as a UK owner, and what that does to a yield calculation.
Spanish wealth tax and what it means for UK owners
The €700,000 allowance, the regional differences that matter on each coast, and why there is no UK equivalent.
Inheritance and gift tax on a Spanish property
How Spanish succession tax works, why the region decides most of it, and how it meets UK inheritance tax.
Avoiding double taxation between the UK and Spain
How the treaty works, what Foreign Tax Credit Relief actually does, and where it leaves you paying the difference.
Tax when you sell your Spanish property
Capital gains tax at 19 per cent, the 3 per cent retention, plusvalía and what you can deduct.
Next: Letting and management
Tourist licences, letting partners and keeping a property running from the UK.