NON RESIDENT TAX ADVICE SERVICES

At Prolanz Asesores, we deliver expert non-resident tax advice for expats and non-resident property owners in Lanzarote, including guidance on Spanish income tax. Based in Arrecife, our team of English-speaking consultants is dedicated to simplifying the complexities of the Spanish tax system for non-residents, ensuring compliance while optimizing your tax liabilities. 

Expert Tax Solutions for Non-Residents in Lanzarote 

Prolanz Asesores helps clients understand and manage Spanish Non-Resident Tax obligations. Whether you own property, generate rental income, or sell assets in Lanzarote, our experienced team will provide tailored guidance to meet your tax obligations.  

We cover everything from international tax advice for individuals to wealth tax planning and capital gains tax for property sales. Our tax advisors in Arrecife, Lanzarote, ensure you understand your liabilities, helping you stay on top of your tax returns and avoid penalties. 

What Is Non-Resident Tax in Spain?  

Spanish non-resident tax, or Impuesto sobre la Renta de No Residentes (IRNR), applies to individuals who own property or earn income in Spain but are not tax residents. This could include rental income, capital gains from property sales, or wealth tax on assets held in Spain.  

At Prolanz Asesores, our mission is to guide expats in Lanzarote through the legal and financial nuances, ensuring they meet their obligations efficiently. 

Tax Obligations for Non-Residents in Lanzarote 

Understanding your tax obligations is crucial for non-residents in Lanzarote to avoid penalties and fines. One primary requirement is filing a tax return, known as Modelo 210, to report any income obtained in Lanzarote. This includes rental income, capital gains from property sales, and income from self-employment.  

The tax payable is calculated based on the rateable value of your property, ensuring you meet your obligations under the Spanish tax system. 

Income Tax for Non-Residents 

Non-residents in Lanzarote are subject to income tax on their Spanish-sourced income. The tax rate is 19% for EU, Norway, and Iceland residents, while it is 24% for other countries. Your taxable income is determined based on the rateable value of your property.  

Fortunately, non-residents can deduct certain expenses, such as mortgage interest and maintenance costs, from their taxable income, helping to optimize their tax liabilities. 

Capital Gains Tax and Rental Income 

Non-residents in Lanzarote must also pay capital gains tax on selling their Spanish property. Additionally, any rental income earned by non-residents is subject to income tax at the same rates. 

Registration and Compliance 

To comply with Spanish tax laws, non-residents must register for Spanish tax and obtain a Spanish tax code (NIF). This can be done online or in person at the tax office. Once registered, non-residents must submit their tax returns and pay tax on their Spanish-sourced income by December 31st each year. Failure to comply with these requirements can result in penalties and fines. Seeking professional advice can help you meet all your tax obligations and avoid legal issues. 

Joint Ownership and Tax Declarations 

If you own property in Spain jointly with another person, each joint owner must submit a separate tax return. This means both parties must file their tax returns and pay tax on their respective income shares.  

Both owners must register for Spanish tax and obtain a Spanish tax code (NIF) to avoid penalties or fines. Proper registration and compliance ensure that your tax affairs are in order and meet all legal requirements. 

Our Non-Resident Tax Services   

We offer a wide range of tax services for non-residents, including: 

• Income Tax for Non-Residents: Covering Property Owner’s Imputed Income Tax, rental income, and business income. 

• Capital Gains Tax: Guidance on capital gains tax for non-residents selling property, including how to deduct eligible expenses. 

• Wealth Tax: Tailored advice for non-residents on Spain’s wealth tax, ranging from 0.2% to 3.5% of your worldwide income and assets. 

• Property Tax (IBI): Assistance with local property taxes and understanding your obligations as a non-resident property owner. 

• Tax Planning and Optimization: Proactive strategies to minimize tax liabilities, including deductions for mortgage interest, property maintenance, and other allowable expenses. 

• Residency and Tax Status: Expert advice on residency visas for non-European citizens and guidance on your tax status as a property owner. 

• Non-Resident Tax Returns: Filing Modelo 210 tax returns for non-residents, ensuring compliance with Spanish tax deadlines. 

• Tax on Rental Income: Our service helps non-residents renting property in Spain navigate their tax obligations, offering guidance on tax rates and potential deductions to optimize their tax liability. 

Tailored Advice for Expats and Property Owners 

Our tax advisors work closely with non-residents to develop a strategy aligning with their goals and financial situation. Understanding whether you are a tax resident in Spain is crucial, as tax residents are liable to pay income tax on their worldwide income. In contrast, non-residents only pay tax on specific Spanish income. Whether you need help with rental income tax, capital gains tax, or optimizing your wealth tax liabilities, we assign a dedicated professional to offer personalized advice. 

Why Choose Prolanz Asesores? 

With years of experience helping non-residents manage their tax affairs in Lanzarote, Prolanz Asesores offers reliable and expert solutions to meet your needs. Our goal is to provide clear, actionable advice that ensures compliance and optimizes your tax obligations to the fullest extent. 

Speak to Our Tax Advice Professional 

If you have any questions about your non-resident tax status or are unsure about your obligations, don’t hesitate to contact our team for a consultation. Let us help you navigate the Spanish tax system with ease.