Tourist Rentals Tax (M210/IVA) in Spain

This service is tailored for homeowners in Spain, both residents and non-residents, who rent out their properties to tourists and need to declare their rental income. 

This includes individuals who may live outside of Spain but own holiday rentals within the country. 

It is especially beneficial for those who are unfamiliar with the Spanish tax system or find it complex due to language barriers or the intricate nature of tax laws and regulations in Spain. 

This service is crucial for those who want to ensure compliance with Spanish tax laws and avoid legal complications related to undeclared rental income.

Clients availing this service should have a detailed record of their rental income and should be able to provide accurate information regarding the property and the rental periods. 

They should also try to have a clear understanding of their tax residency status, as it impacts the applicable tax rates and allowable deductions. 

Clients should also possess the necessary identification tax number for foreigners (NIE) and should be willing to provide all necessary documentation and information promptly to facilitate accurate and timely tax declarations.

• The procedure begins with an initial consultation to understand the client’s property details, rental income, and tax residency status. 
• Subsequently, a meticulous assessment of the rental income and applicable deductions is conducted. 
• The relevant tax forms, Form 100 for residents and Form 210 for non-residents, are then accurately prepared and submitted to the Spanish Tax Office (Agencia Tributaria). 
• Clients are guided through every step, ensuring that they understand the applicable laws, their tax liabilities, and any allowable deductions or exemptions.

• By opting for experienced English-speaking lawyers, clients can navigate the complexities of Spanish tax laws with ease, ensuring clear and precise communication and eliminating misunderstandings due to language barriers. 
• Clients receive personalized, expert advice tailored to their unique circumstances, enabling them to optimize their tax positions and benefit from allowable deductions and exemptions. 
• This professional guidance provides peace of mind, ensuring compliance with tax laws, timely submissions, and avoidance of legal complications and penalties, which is invaluable for those unfamiliar with the Spanish tax system.

• Initial Consultation: Understanding the client’s property, rental income, and tax residency status.
• Income and Deduction Assessment: Detailed evaluation of rental income and applicable deductions to determine the net taxable income.
• Preparation and Submission of Tax Return: Accurate preparation and timely submission of the relevant tax forms to the Spanish Tax Office.
• Guidance on Applicable Laws and Liabilities: Providing clear explanations and advice on the applicable tax laws, liabilities, and allowable deductions or exemptions.
• Ongoing Support and Advice: Offering continuous support and counsel on any subsequent inquiries or issues related to rental income tax.