- If a non-resident property owner has a property (or has a proportional part of a property) and does not rent the property out, then the voluntary period for payment of taxes is in arrears, i.e. for the Tax Year 2023, the period for payment of taxes is between the 1st of January 2024 until the 31st of December 2024.
- For a non-resident property owner who RENTS OUT property, privately, then please note:
- Quarterly periods are established for the preparation of Tax Declarations and payment of tax and for 2022 and these are:Period Final date for payment of taxes
- 1T/2024 (1st ¼ 2024 = 01/01/2024 to 31/03/2024) 20/04/2024
- 2T/2024 (2nd ¼ 2024 = 01/04/2024 to 30/06/2024) 20/07/2024
- 3T/2024 (3rd ¼ 2024 = 01/07/2024 to 30/09/2024) 20/10/2024
- 4T/2024 (4th ¼ 2024 = 01/10/2024 to 31/12/2024) 20/01/2025For citizens from the European Union (EU) and the European Economic Area (EEA), there is a possibility of deducting direct rental expenses from the income received from the rental of property always and when these expenses are duly certified by means of complete officially receipted invoices. The expenses will accompany the corresponding Tax Declaration(s). In order to make use of these deductions, it will be necessary for you to supply us with a “Resident Tax Certificate” from your country of residence. This point It´s not applicable to the Residents in United Kingdom from 1st January 2021, date on which the transitory period of Brexit finished.
- BREXIT – Tax information for Residents in UKFrom the 1st of January 2021, the United Kingdom is considered a third country respect the European Union and, in consequence, there are some changes:
- In relation with rental incomes there is not possibility to deduct any expenses.
- The rate of income tax will pass from 19% to 24%.
Font Serrat Asesores is a consolidated firm on the Costa Blanca, made up of registered and qualified professionals with proven experience in tax matters.
We are members of Colegio de Economistas de Alicante, Colegio de Gestores Administrativos de Alicante, Colegio de Graduados Sociales de Alicante, Registro de Asesores Fiscales, Registro de Expertos Contables, and members of Confederación Fiscal Europea (EURTAX).
If you need professional help, do not hesitate to contact us.
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