Property Tax for Non-Residents with Rental Property
INCOME FROM RENTED PROPERTY
The amount that should be declared
This amount is understood to have become liable for taxation at the moment it is demandable by the lessor, or on the date that it is collected, if this is earlier. Tax is charged separately on each amount accumulated and, therefore, a tax return must be made for each amount accumulated.
Nevertheless, joint tax returns may be made, including the amounts of one or more taxpayers for a quarter. If the joint tax return contains amounts from different taxpayers, the declaration must be made by a common representative, someone jointly responsible for the tax liability (payer, trustee or manager) of all the taxpayers, or by a withholder (in the case of rental of premises to professionals or companies).
When to file the tax return
For ordinary tax returns (form 210), the period is one month from the date of accrual of the income. For joint returns (form 215) for a quarter, within the first 20 days of the months April, July, October and January, for the quarter immediately prior to this month.
If you are concerned or confused about your tax situation – please forward your questions or enquiries to ben.simkins@taxesonline.es or fax +34 928 34 66 81, and we will happy to provide you with the answers you need.