If the property is used by the owner(s) as their own housing, the tax is based on an estimated income calculated as follows:
On a general basis it is 2% of the cadastral value of the property which appears on the local tax receipt ( Impuesto sobre bienes inmuebles "IBI").
In the case of property whose cadastral value has been modified from January 1, 1994 onwards, the percentage has been set at 1,1%.
The accrual takes effect once a year on December 31.
Tax rate is 25%. The taxable amount is therefore 25% of the estimated income.
In case of Leased Urban Property, the income to be declared in this case is the total amount collected from the tenant, without deducting any expenses.
Each rent due is taxed separately and, consequently, a return must be filed for each rent due.
Nevertheless, collective returns may be filed which may include various chargeable
income of one or more taxpayers falling within a calendar quarter. If the
collective return includes the income of several taxpayers, the person filing
it must be a representative or one of the persons which the law regulating
this tax defines as being jointly and severally liable (payer or administrator).
Tax rate: 25%.
Non tax residents are required to file a return for this tax on estate owned in Spain on December 31 of each year, whatever the value of the estate.
Value: Urban property is to be included in the return by declaring
the value of one of the following, whichever is the highest:
The net wealth (which is the taxable amount) is determined by the difference between that value and the charges or liens on the property and the debt principal invested in the property.
There is no tax-free allowance and, consequently, the base of assessment coincides with the taxable amount.
The tax payable is calculated by applying the tax rate approved for the year
in question to the aforementioned taxable amount.
Filing period: 1 May to 20 June
| Taxable amount up to (Euros) | Gross tax amount | Rest of taxable amount up to (Euros) | Aplicable rate % |
|---|---|---|---|
| 0 | 0 | 167.129,45 | 0,2 |
| 167.129,45 | 334,26 | 167.123,43 | 0,3 |
| 334.252,88 | 835,63 | 334.246,87 | 0,5 |
| 668.499,75 | 2.506,86 | 668.499,76 | 0,9 |
| 1.336.999,51 | 8.523,36 | 1.336.999,50 | 1,3 |
| 2.673.999,01 | 25.904,35 | 2.673.999,02 | 1,7 |
| 5.347.998,03 | 71.362,33 | 5.347.998,03 | 2,1 |
| 10.695.996,06 | 183.670,29 | and over | 2,5 |
This is a local tax which the local municipality requires for all property owners.
Based on the cadastral value and on a tax scale established by the municipality, an amount to be paid is obtained.
Payment period: The period for payment varies according to the municipality.