{"id":2129,"date":"2024-06-14T13:50:14","date_gmt":"2024-06-14T13:50:14","guid":{"rendered":"https:\/\/hypotheekenbuitenland.nl\/spain\/rental-properties-spain\/"},"modified":"2024-06-14T14:20:27","modified_gmt":"2024-06-14T14:20:27","slug":"rental-properties-spain","status":"publish","type":"page","link":"https:\/\/hypotheekenbuitenland.nl\/en\/spain\/rental-properties-spain\/","title":{"rendered":"Rental properties Spain"},"content":{"rendered":"

Rental properties Spain<\/h1><\/div><\/div><\/div><\/div><\/div>
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Rental properties Spain<\/h2><\/div>

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Seasonal rental of a Spanish vacation home is quite common and mortgage lending Spanish banks are fine with it. Only when a property is overwhelmingly going to be the source of the (only) income in the future do people not want to finance it regularly. Rental income is taxed in Spain and not in the Netherlands. A tax return on this income must therefore be filed in Spain.<\/p>\n<\/div>

<\/i><\/i><\/span>Financing and rental plans<\/span><\/a><\/h4><\/div>
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Spanish banks have no problem with seasonal rental of a house bought with a mortgage based on existing income. What is important is that the property is not too commercial in nature. So existing Bed & Breakfasts, hotels, or properties with multiple cottages or lots of rooms (with separate bathrooms) may lead the bank to conclude that there are plans other than purely private use and occasional seasonal rentals. When banks suspect that prospective clients have plans to “change course” and start or take over a tourism business in Spain they conclude that the existing income will end and that the requested mortgage is in fact business financing<\/u> is.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Tax on rental income<\/span><\/a><\/h4><\/div>
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The tax treaty between the Netherlands and Spain provides that Spain may levy taxes on assets in the form of real estate located in Spain such as a second residence. As a result, the (net) value of a Spanish house is taxed in Spain and no longer in the Netherlands (box 3). Rental income is taxed in Spain and therefore should be taxed in Spain. Quarterly returns must be filed and a tax rate of 19% on the rental income -\/- deductible expenses is involved.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Spanish house as a pension<\/span><\/a><\/h4><\/div>
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Renting out a Spanish home partially financed by a mortgage can be an interesting addition to retirement. When rental income covers the mortgage and other expenses then the house “comes to you” because after full mortgage repayment there remains a mortgage-free home that generates rental income.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Rental platforms<\/span><\/a><\/h4><\/div>
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There are several rental platforms for second homes. These platforms offer services of varying degrees. From rental mediation only (via a booking module) to complete outsourcing of rentals including local handling<\/p>\n<\/div><\/div><\/div><\/div><\/div>