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Regulation of temporary rentals: July 2025
10 06 - 2025
The Ministry of Housing and Urban Agenda of the Government of Spain has announced a new norm that will come into force on July 1, 2025, throughout the national territory, with the aim of regulating temporary rentals in Spain.What new measures does this new norm introduce?- Requirement to justify the temporary nature of the rental: Property owners must provide evidence of the reason justifying the temporary rental in order to formalize the contract. What are considered valid reasons? Temporary relocation for work, for studies, or for other activities of a limited duration.- Maximum rental period of 9 months: Rental agreements exceeding nine months will be considered long-term rentals.- Termination notice and penalties: From the first month of the rental term, the Lessee may terminate...
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What is capital gains tax and how does it affect homebuyers in Spain?
12 05 - 2025
Here are the two most common types of capital gains taxes in Spain related to the sale of a property:1. Municipal Capital Gains Tax (Tax on the Increase in Value of Urban Land - IIVTNU)🔷 What it is:It’s a municipal tax paid when selling, inheriting, or donating a property. It taxes the increase in the value of the land (only the land, not the building) from the time it was acquired until it is transferred.🔷 Who pays it:It’s usually paid by the seller (although in donations and inheritances, it is paid by the recipient).2. Capital Gains Tax in Income (Capital Gain in IRPF or 3% withholding for non-residents)🔷 What it is:This is the tax paid on the capital gain obtained from selling a property. It is calculated as:Sale price – Adjusted purchase price = Capital Gain🔷 Tax residents in...
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Buying a Property in Spain: A Guide for Foreign Buyers
20 11 - 2024
Buying a property in Spain is an exciting process and, at the same time, an important decision that requires an understanding of certain legal aspects. If you are a foreign buyer, it is essential to understand what documentation is required and which administrative steps must be taken in order for the transaction to be completed safely and without delays.In this guide, we explain the main requirements for purchasing a property in Spain as a foreigner.1. Foreigner Identification Number (NIE)The Foreigner Identification Number (NIE) is the essential document required to carry out any economic transaction in Spain, including the purchase of a property. This number identifies foreign nationals for legal and tax purposes.Without the NIE, it is not possible to: sign the public deed of...
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