Spain is one of the favorite destinations for those looking to acquire a second residence, invest in property or retire in a Mediterranean environment. But in addition to its climate and lifestyle, Many international buyers are interested in Fiscal advantages of buying housing as a foreigner in Spain. In this article we explain what those benefits are., What you should take into account fiscally and how to make the most of your investment.
Can a foreigner buy a home in Spain?
Yeah. Any foreign citizen, whether resident or not, You can buy real estate in Spain without restrictions. In fact, many buyers come from countries like the United Kingdom, Germany, Netherlands, France or Belgium. Areas like Torrevieja and the Costa Blanca They are especially popular for their climate, services, international connections and property offering new construction y second hand.
What tax advantages exist for foreigners?
Although real estate taxes apply equally to Spaniards and foreigners, Non -resident buyers can benefit from several strategic tax aspects:
Access to the double imposition regime
Spain has tax agreements with many countries (like germany, France, United Kingdom, Netherlands or Belgium) to avoid paying taxes on the same income in both countries. This means that:
- If you buy a home and rent it, You can deduce the paid in Spain in your country of origin.
- If you sell your property at a profit, you will avoid double taxation on the capital gain.
Always consult with a fiscal advisor - in Mayrasa we offer you real estate consultancy specialized for these cases.
VAT exemption in second -hand housing
When acquiring one used housing, the buyer pays the Property Transfer Tax (ITP), y Not VAT, which represents savings compared to new construction. In the Valencian Community, The ITP is usually 10%, but in some cases bonuses or reductions may be applied.
It is not mandatory to reside to buy
You can buy as a non-resident and become a resident later. This allows you to plan fiscally, and change your status at the most convenient time.
Are there additional advantages if I obtain residency?
Yeah. If you buy a property worth more than €500,000, can access the residence visa for investors, better known as Golden Visa. This offers you:
- Legal residence in Spain.
- Freedom of movement in the Schengen area.
- Possibility of including your spouse and minor children.
- Tax advantages in the medium and long term if you decide to transfer your tax residence to Spain.
Although this program is subject to reforms in 2025, is still in force. At Mayrasa we guide you in the purchase of properties that They meet the requirements of Golden Visa and we put you in contact with legal advisors.
What if I rent my property?
Many international buyers buy for investment purposes. In this case:
If you are a resident in the EU
Can deduce expenses rental related (THE PLACE, community, repairs, insurance, etc.).
If you are not a resident or you are not from the EU
You will be taxed on rental income in Spain, but you can deduct it in your country if there is a tax agreement.
Having professional accounting advice is key. Our team will guide you to maximize your profitability and avoid common mistakes. We also offer services after -sales and management for your peace of mind.
Other advantages of buying with Mayrasa
A Mayrasa, We have been helping foreign clients to buy safely on the Costa Blanca for years. Some of our exclusive services:
- Virtual tour and photography for remote purchases.
- Translation and legal review of contracts.
- Assistance in NIE, bank account and notary.
- Access to highly profitable properties and strategic locations.
- Home staging and rental advice for investors.
Check ours SELECTION OF PROPERTIES or consult our entire catalog of sale.
What other tax advantages should be considered?
Besides, Buying a home in Spain can be an excellent investment strategy. Patrimonial diversification. When purchasing a property in euros, many investors protect their capital against inflation or devaluation of their local currencies, especially if they come from more volatile economies.
Another relevant point is that, if you decide to sell your home in the future, you can benefit from Fiscal exemptions for reinvestment in habitual housing, as long as you transfer your tax residence to Spain and meet the requirements established by the Treasury.
It is also important to consider the impact of Patrimony Tax in some autonomous communities. Although its application depends on the total value of your assets in Spain, In many cases there is an exempt minimum, and you can avoid its effect through correct prior tax planning.
Finally, The fact of having a property in Spain can facilitate the future obtaining the residence for roots, in case you want to settle permanently. Having a property registered in your name is a positive factor in immigration procedures.
Conclusion
Las Fiscal advantages of buying housing as a foreigner in Spain They can make a big difference at an economic and planning level. From access to beneficial tax regimes to incentives such as the Golden Visa, Spain continues to be one of the best options to invest in real estate from abroad.
In Mayrasa We accompany you from the first contact until long after the purchase. You can get to know us better in the section us, visit our offices or write to us from contact. If you are thinking about starting a career in the sector, you can also work with us.
