Owning property in Ibiza as a non-resident
Because Ibiza's cadastral and reference values are high, imputed income and wealth tax are larger here than for similar homes elsewhere. Non-resident owners pay wealth tax on their Spanish assets above the applicable exempt amount, with mortgages deducted, and spouses each count their own share. Many Ibiza villas are also let in summer, which means quarterly returns on top of the annual one.
What non-resident owners must file
| Obligation | When | What we do |
|---|---|---|
| Imputed income (home not rented) | By 31 December of the following year | Calculate and file for each owner |
| Rental income | Quarterly | Deduct expenses where allowed and file |
| Sale of the property | Within four months | Calculate the gain and recover the 3% |
| Wealth tax | April–June, if applicable | Check thresholds and file |
| Letters from the tax agency | Short deadlines | Answer for you |
How we work with non-resident owners
We need the purchase deed, the IBI receipt and the owners' NIEs once; after that we file every year without you having to travel. You receive a short summary of what was filed and paid. If past years were missed, we regularise them before the tax agency writes, with surcharges far lower than penalties.
Our general service page explains the rules in more detail: Non-resident tax in Spain. We also advise in Mallorca, Menorca.
An illustrative example
Based on situations we commonly see; not a specific client. A Dutch couple owned a villa in Sant Josep worth well over two million euros. We filed their imputed income each year, calculated wealth tax on their Spanish assets for each spouse and showed how their mortgage reduced it.
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 non-residents pay wealth tax on an Ibiza villa?
They may, on their Spanish assets above the exempt amount; we calculate it each year.
Do you work with owners in Ibiza remotely?
Yes, almost entirely by email and video call.
Do I pay tax on my Ibiza home if I do not rent it?
Yes, an annual imputed income tax on the modelo 210.
Can you file for both spouses?
Yes, each spouse files for their share and we prepare both returns.