Buy or sell housing to non-residents in Spain

Do I have to know something if the one I love buy my home is a Non-Resident? Or if, on the contrary, to whom I want to sell the house Are you a Non-Resident?

One of the most common operations on the Costa del Sol is the purchase or sale of homes, in which one of the parties is a Non-Resident.

This has led us to have a wide experience in the sector, whether it is the sale or acquisition of a home by a Non-Resident, or if you want to rent the home to Non-Residents for the months that it is not going to be used.

Each of these options is accompanied by both different taxes and different tax returns in specific periods and forms for Non-Residents.

The known IRNR is the Non-Resident Income Tax, which is a tax established in Spain, of a direct nature that taxes the income obtained in Spanish territory by natural persons and non-resident entities.

And how does it affect me if I want to buy a home?

What happens when I buy a home from a Non-Resident?

The process is initially the same as the one that must be followed in each purchase or acquisition of a home, except for reviewing and verifying some additional documents as the seller is a Non-Resident.

What additional expenses should I include in my accounts when buying a home from a Non-Resident?

In the first place and as the price of the house is evident, to this must be added the expense of agency, notary and registration, in addition to the ITP (Property Transfer Tax).

In this case, since the seller is a Non-Resident, an extra expense must be added since the buyer assumes the obligation to present the corresponding model when buying the home from a Non-Resident and to pay the 3% withholding to the tax agency.

This amount is assumed by the seller, but paid by the buyer in general.

From drisar advisers We take care of the entire process to follow, keeping you informed, of how much and when the taxes must be paid and once the process is finished….

We are responsible for reminding you and managing your tax obligations quarterly or annually depending on the use that is given to the home.
For all this we have a great team that can assist you in Spanish as well as in English and Dutch.

What if, once you have acquired your home, you want to use it for tourist purposes? In the next post we give you the keys and steps to start the process of acquisition of vacation license.

Do you have more questions or do you have more doubts, do not hesitate and contact us We will give you all the guidelines to follow.

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