Non resident personal income tax: imputed income on dwelling
28 Jan. 2015
Owners of real estate properties must impute an income except on main home. By definition, non-residents cannot have a main home in Spain. The imputed income is a 2% on the fiscal value of the property (cadastral value). Law 26/2014 modifying Non Resident Income Tax has stated that the coefficient is 1,1% for properties which cadastral value has been reviewed in the last 10 years.
Previously, the coefficient of 1,1% applied to properties with a cadastral value reviewed since 1994. Municipalities are obliged to make a general review every 10 years so the Law has adapted accordingly.