Post-Brexit guide for British landlords: 24% on gross rent, no expense deductions, quarterly deadlines and online filing with AEAT.
Since Brexit, British owners of Spanish property are taxed as third-country non-residents. Rental income is subject to 24% IRNR on the full gross amount, with no deductions for mortgage interest, community fees, insurance, IBI or repairs.
Modelo 210 filing obligation
You must file Modelo 210 with AEAT on a quarterly basis, within one month of each calendar quarter. If the property is vacant in any period, annual imputed income tax may also apply on the cadastral value.
- Tax rate: 24% on gross rental income (vs 19% with deductions for EU residents)
- Quarterly deadline: 1st to 20th of the month following each quarter
- Imputed income: annual return from 1 January to 31 December of the following year
- UK-Spain DTA: allows credit for Spanish tax in the UK, but does not reduce the Spanish rate
Related guides
- British owners — rental income guide
- Rental income tax in Spain
- What is Modelo 210?
- Selling Spanish property
At SpainTaxForm we handle Modelo 210 for post-Brexit British landlords at the correct 24% rate, with documentation for your HMRC Self Assessment.
Sources
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