Do I have to pay tax on my holiday home in Spain?

Even if you do not rent out your property, there is a deemed income on any property you own which is for your own use. This applies to second homes, holiday homes and property you own in Spain as a non-resident. This is taxable at 19% of the taxable “income”.



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Exceptions for paying tax in Spain There're certain instances when you're exempt from declaring your taxes in Spain. Some of them include: If you only have one job and earn less than €22,000 a year. If you've multiple jobs and earn less than €14,000 a year.

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When buying a vacation home, you'll find that mortgage requirements are stricter. You'll need a higher credit score and a larger down payment, and you can expect to face higher interest rates than for a primary residence. Utilities and maintenance are costly.

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