Spain Explained

A guide for foreigners on every aspect of safe property ownership in Spain

Posts filtered by spanish property rentals

Income tax in Spain on your rental property

income tax in spain

Spain is a wonderful place to own a holiday home, with many people of all nationalities investing in Spanish property. With vibrant culture, outstanding cuisine, and virtually year-round sun, it is no wonder that people are flocking to Spain to secure their Spanish escape. However, as we all know, property comes with responsibility, and income […]

Spanish tax on rental income: rates, deadlines and recommendations

Spanish tax on rental income

British nationals are by far the largest group of foreign homeowners in Spain. Many keep their property as a holiday home or only live there part time, either renting their property to other holiday makers or long term tenants for some of the year. For many, this is a valuable source of income. However, as […]

Get your property rental ready

Rental property is in demand and many investors are making their money work for them by purchasing property to rent. It’s important that if you do, you take the time to ensure that legal requirements are met. In this article Susan Partridge from our Fiscal Department explains what these are and how you can comply. […]

One million euros a month through Airbnb

The phenomenon that is Airbnb is proving to be lucrative for those renting out their property in Torrevieja. It is estimated that around 3,153 properties are being rented through the online platform and that there is the potential availability of 250,000 places altogether. In 21 months, from February 2016 to October 2017, there has been 20 million […]

5 advantages of investing along the Spanish coast

Alicante, Malaga and Valencia are some of the most popular areas for foreigners to buy in for investment purposes. The popularity of purchasing property in Spain continues in spite of some of the political and financial issues that have hit the countries where purchasers typically originate from. Why? In a recent article in the Spanish […]

Renting in Spain – the tax implications

renting-in-spain-tax-implications

Renting is a good option if you are looking to make some money out of a property you have bought in Spain. Whether it is a short term or long term let, renting is increasingly popular and many different types of property are in demand. Some people choose to do all the paper work themselves […]

What is happening with holiday lets in the Valencian community?

What are the renting laws in the Valencian region? Must you or must you not register your property for letting purposes here? It would seem to be a straight forward question but a straightforward answer could quite easily evade you. The original rental law was the regulation of tourist homes (Viviendas Turisticas)  in 2009. It […]

Evicting a tenant

The vast majority of lettings in Spain work well. The tenant pays on time and the landlord is earning money on his investment. However, on occasions, problems do develop and tenants in Spain can default on their rent or even damage property. Previously, there was limited power to the landlord when these difficulties occurred. Now, […]

An optimistic outlook for landlords in Spain

Letting property in Spain can be a safe option.  However, our lawyers at Ábaco are well aware of the issues to do with paper work and legal regulations that can appear so obstructive to the course of justice. Systems in any country can be slow to change and we do our best to evoke the […]

Looking after landlords in Spain

The economic crisis in Spain has caused hardship for many people. There has been recent press coverage of the difficulties that mortgage holders and tenants in Spain have found themselves in when they have suffered a drop in income. It’s not just tenants who have found themselves facing hardship. The  financial difficulties go further and […]

Stay legal when letting Spanish property

In the majority of cases, landlords and tenants in Spain get on well. They make mutually agreeable arrangements and both benefit from the business relationship. Unfortunately, it doesn’t always work this way. Not all tenants in Spain are prompt with their rent and some landlords of Spanish property do not fulfill their obligations. When it […]

What to do when your tenant defaults in Spain

Letting out Spanish property is perhaps more popular now than it ever has been before. Difficulties in selling property and uncertainty about the property market have led people to consider other options – letting out Spanish property being at the top of the list. It means you have an income that might perhaps help pay […]

Overcoming the property slump

Although ‘off-plan’ is definitely down in the doldrums, the Spanish re-sale market has a little more buoyancy. Those who bought before 2005 should be able to market their property at a realistic price without losing out. The UK market is very slow but demand is still there where the price is right. A life in […]

Disclosing property rentals in Spain

property-rentals-in-spain

In 2012 the Spanish tax authority uncovered 4,700 undeclared rentals as a result of information received from the electricity companies. This is probably the tip of the iceberg. Many non-resident property owners who rent out their property in Spain still seem to be unaware of the need to declare their Spanish rental income to the […]

Landlords and tenants in Spain

As more and more people have found it difficult to sell their home but still need to move, the option to rent out their Spanish home has become the best alternative. However, it is not without its difficulties. Landlords come in all shapes and sizes and not all have met their legal obligations. Tenants can […]

Renting out your Spanish property

Rental law in Spain and what it means for you Due to the current economic climate many Spanish property owners are considering renting out their property in Spain in order to generate a little income to cover their ownership expenses and pay for their trips to Spain. In this article we look at what some […]