Non-resident homeowners: save hundreds on your next tax return
If you are a non-resident who owns a property in Spain, including the Canary Islands, you could save hundreds of pounds on your next tax return thanks to an innovative, easy to use service called Spanish Taxes Online. Many people don’t realise that tax is due, even if you don’t rent your property out.
All non-residents who own a holiday home in Spain are liable to pay tax on their property, even if they do not rent it out, and the Covid pandemic and resulting travel restrictions has left many more owners in this position, as many investors who normally generated rental income from their property, were left with no bookings and empty calendars during the 2020 tax year.
December 31st deadline:
However, they are still liable to pay the Modelo 210 Non-Letting Tax, which has to be filed and paid by the end of the year.
The Spanish tax authorities do not send out reminders about this tax and failure to pay can result in fines and complications with the tax office in Spain.
Save money – pay your Modelo 210 taxes online:
Some owners are still using expensive lawyers or solicitors to file their Modelo 210 returns, when they could instead be saving hundreds of euros in fees by taking advantage of Spanish Taxes Online service, which costs just 59 euros (plus 7% VAT) for up to two owners.
The team of professional, fully accredited accountants at Spanish Taxes Online take care of the whole process: calculating the tax owed, filling out their return and filing it with the Spanish tax office before providing owners with an official receipt of payment.
In arrears? No problem:
They can also liaise with the tax office on your behalf if you have failed to pay the Modelo 210 in previous years, which is a surprisingly common occurrence as many owners are still unaware of this annual liability.
As a result, Spanish Taxes Online service is proving very popular with non-resident homeowners, with many happy previous clients posting glowing Five Star testimonials about their experience on Trust Pilot and Google Reviews.