New tax reporting measures

New tax reporting measures, combined with the introduction of a licensing system for rental properties mean that you should take expert advice if you are not domiciled in the EU for tax purposes. Third country nationals face  very limited tax allowances which can make owning a rental property in Spain not an economic proposition. The formation of a Spanish company might be an option, but we strongly advise you take advice. Rental platforms such as Airbnb, as an example, are required by law to report all rental income to the tax authorities.

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