Spain's tourism sector reached record highs in 2024, with nearly 100 million air passengers and an 8.9% rise in holiday rental prices, driven by increased demand on the Costa del Sol.
As a non-resident property owner in Spain, it’s important to stay on top of key tax deadlines to ensure compliance and avoid penalties.
Here are the essential dates to remember:
Deadline: December 31, 2024
If you own property in Spain that is either used personally or remains vacant, you must file an annual Imputed Income Tax return (Modelo 210) by this date, even if the property is not rented out.
Filing Period: January 1 to January 20, 2025
If your property was rented out in 2024, you must submit a Rental Income Tax return during this period, covering all rental income earned throughout the year.
Consequences of Missing Deadlines
Failure to meet these deadlines can result in fines and interest charges. It’s crucial to submit your tax returns on time to comply with Spanish tax laws.
Staying informed about these deadlines and obligations will help you avoid unnecessary penalties and ensure proper management of your property investments in Spain.
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