How the tax is calculated
- Take the cadastral value on your IBI bill, not the market value.
- Apply 1.1% if the value was revised after a recent valuation, otherwise 2%.
- Multiply by your ownership percentage and the share of the year the home was available to you.
- Apply 19% or 24% depending on your country of residence.
| Example | Figure |
|---|---|
| Cadastral value | 200,000 euros |
| Percentage (revised value) | 1.1% → 2,200 euros |
| Share of each spouse (50%) | 1,100 euros |
| Tax at 19% (EU resident) | 209 euros each |
| Tax at 24% (UK resident) | 264 euros each |
When the home is rented part of the year
Days rented generate rental income instead; imputed income applies only to the days the home was not rented. A summer rental of two months and ten months of own use means two kinds of modelo 210 for the same year. See rental income tax.
Which value and which percentage
The cadastral value and the year of the last revision appear on the IBI receipt and in the Cadastre. Using the market value or the purchase price is a common error that inflates the tax. See IBI and the cadastral value.
Deadline and filing
The imputed income of a year is declared from 1 January to 31 December of the following year. Each owner files separately. See the modelo 210 explained and our non-resident service.
An illustrative example
Based on situations we commonly see; not a specific client. An Irish owner of a flat in Palma paid imputed income on the purchase price for years. We recalculated on the cadastral value with the 1.1% rate, filed corrections for the open years and obtained a refund of the overpaid tax.
How Castell.tax can help
We file the Spanish taxes of non-resident owners every year: imputed income, quarterly rental returns, the tax on a sale and the refund of the 3% retention. We work in English and German, by email and video call, so you never need to travel to Spain. We also check past years and correct them before the tax agency writes to you. See our non-resident tax service or contact us for a fixed-fee quote.
This page is published by Castell.tax, the tax practice of Castell.law in Palma de Mallorca. It is general information; tax rules and rates change, so check your case with us before filing.
Not sure what you owe? Ask before the deadline
Send us your situation or the letter you received. A tax adviser will tell you what applies, what it could cost and what to file.
Frequently asked questions
Do I pay imputed income tax if the home is empty?
Yes, empty or used by you, it counts as available for your use.
Is the tax based on the market value?
No, on the cadastral value shown on your IBI bill.
Do residents pay it on their main home?
No, residents do not pay imputed income on their main home, only on second homes.
Can expenses be deducted?
No expenses are deductible from imputed income.