Own use tax in Spain Canary Islands Lanzarote
Own use tax in Spain, Canary Islands, Lanzarote.
Income tax for non-residents who do not rent out their property in Spain.
Non-resident property owners in Spain are obliged to pay an income tax on the private use of their Spanish property. „Impuesto sobre la Renta de no Residentes”. They are required to submit the tax return (Modelo 210) latest by the 31th of December of the following year.
This tax is based on the "valor catastral" the cadastral value. You can find it on your property tax "IBI" bill. This value x 1.1% and you have the base, this x 24.75%.
Owner of a property in Spain should have a fiscal representative, so important mail can be delivered in the absence. Administrative acts can be effectively by public notification and without could thus be legally without knowledge of the addressee.