Can any foreigner buy a flat in Spain?

Can any foreigner buy a flat in Spain?

1. Can any foreigner buy a flat in Spain? At present, is it not necessary to fulfill any requirements - work, residence - to be able to buy a flat in Spain?To purchase a flat in Spain, it is only necessary to have the Foreigner Identification Number (NIE), which is a personal number, unique and exclusive of a sequential nature. It is possible to request the NIE personally or through a representative with authorization to the delegations and subdelegations of Government. And in the offices of foreigners. From abroad it is also possible to process this document, thorough your consulate.

In Spain there is the Non Resident Income Tax (IRNR), 3% tax, which is a direct tax levied on income obtained in Spanish territory by natural persons and non-resident entities, unless they are taxpayers for the Income Tax of Persons Physical (IRPF). It will be understood that a person has his habitual residence in Spanish territory when he remains in Spain more than 183 days during the calendar year. In such case, it is taxed by IRPF, not by IRNR.

Everything will depend, however, on whether or not a personal tax is paid abroad and the existence of double taxation agreements. Thus, for example, as regards the yields of real estate capital, the tax base should be established on the cadastral value or, if the property is rented, on the annual rent obtained.

Total expenses incurred by the purchase, et the Buyer's expense: Value-added tax(VAT), or tax on capital trasfers(ITP second-hand house), Registration, Notary, in the case of being Extrangero also would pay the Tax (IRNR, Tax of non-resident).

Selling Party: Commission,according to Spanish regulations, are the account and position of the Selling Party, In its next income Statement, the Capital Return tax obtained by the sale (IRNR), which can vary between 19% and24%, Depending on the benefit obtained..

 

 

This website uses proprietary and third-party cookies to improve the browsing experience as well as for analysis. By continuing browsing, we understand that you agree the use of cookies

What are cookies?

A cookie is a small file stored on the user's computer that allows us to recognize it. The set of cookies help us improve the quality of our website, allowing us to monitor which pages are useful to the website users or and which are not.

Cookies are essential for the operation of the Internet, providing innumerable advantages in the provision of interactive services, providing us with the navigation and usability of our website. Please note that cookies can not harm your computer and, if enabled, they help us identify and resolve errors.

What kind of cookies are used in this site?

Propietary cookies: those that are sent to the user's computer from a computer or domain managed by the publisher and from which provides the service requested by the user.

Third party cookies:those that are sent to the user's computer from a computer or domain not managed by the publisher but by another entity that analyzes the data collected. .

Persisting cookies: a type of cookie in which data are still stored in the terminal and can be accessed and processed by the cookie's responsible.

Analytics cookies: using web analytics to get information on the number of users accessing the site, number of pages viewed, and repetition frequency of visits, the duration, the browser used, operator who provides the service, the language used by the terminal or the city to which is assigned the IP address. Information that allows a better and more appropriate service by this website.

Accept the use of cookies.

We assume that you accept cookies. However, you can restrict, block or erase cookies from this site or any page from the browser settings.

Next you can find the main browsers help pages: