Who must file Model 210? A non-resident in Spain is required to file Model 210 if they have income or properties in Spain that generate any type of revenue, such as:
Properties in Spain: If a non-resident owns a property in Spain, they must declare:
- Imputed income: If the property is not rented, the law assumes it generates income (imputed income), calculated as a percentage of the cadastral value of the property.
- Rental income: If the property is rented, the rental income must be declared. In this case, the tax applies to the net income, deducting certain expenses, provided the owner resides in a European Union (EU) country, European Economic Area (EEA), or a country with a double taxation agreement.
Capital gains: If the owner sells the property, they must declare the gains obtained in Spain using this model.
Other income: Any other income obtained in Spain, such as interest or dividends.
Obligation to file Model 210 for non-resident property owners:
- Imputed income from non-rented properties: Must be filed once a year, usually in December, corresponding to the previous fiscal year.
- Rental income: The declaration is quarterly, within 20 calendar days following the end of each quarter.
- Capital gains from property sales: Must be filed within 30 business days from the date of the transaction.
Tax rate: The applicable rate depends on the taxpayer's country of residence:
- Residents of the EU, EEA, or countries with a double taxation agreement: 19%.
- Other countries: 24%.
What happens if it is not filed? Failure to file may result in penalties, surcharges, and the accumulation of late payment interest.