Beyond the purchase, owning and letting a property in Sitges carries ongoing taxes. Here is what investors and landlords should budget for — annual taxes, tax on rental income, and wealth tax.
Annual property taxes
Every owner pays IBI, the annual municipal property tax (a percentage of the cadastral value), plus refuse charges and any community fees.
Non-residents who do not let their property also pay a small imputed income tax on it each year.
Imposto sobre rendimentos de aluguel
Rental profit is taxable. EU/EEA-resident landlords are taxed at 19% on the net rent (after deducting allowable expenses such as interest, IBI, repairs and depreciation); non-EU landlords are taxed at 24% on the gross rent, with no deductions.
Non-residents declare via Modelo 210, generally quarterly.
Imposto sobre a riqueza
Spain levies an annual wealth tax. In Catalonia it applies above roughly €500,000 of net assets (with a further allowance for a main home), on a progressive scale, and a temporary state solidarity tax applies to very large fortunes. A tax adviser should confirm your position.
| Imposto | Who / how much |
|---|---|
| IBI | All owners; a % of cadastral value, annual |
| Imputed income | Non-residents not letting; small annual charge |
| Rental income | 19% net (EU) / 24% gross (non-EU); Modelo 210 |
| Imposto sobre a riqueza | Catalonia: above ~€500,000 net, progressive |
Guias relacionados
Investimento imobiliário em Sitges ·rendimentos de aluguel ·Tax calculator ·Selling as a non-resident.
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Perguntas frequentes
What taxes do property investors pay in Spain?
Annual IBI on the property, tax on any rental income, and — above the threshold — wealth tax. Non-residents who do not let also pay a small imputed income tax. Capital gains tax applies when you eventually sell.
How is rental income taxed for non-residents in Spain?
EU/EEA residents are taxed at 19% on the net rent after allowable expenses; non-EU residents at 24% on the gross rent with no deductions. Non-residents declare via Modelo 210, generally quarterly.
What is IBI?
IBI (Impuesto sobre Bienes Inmuebles) is the annual municipal property tax, charged as a percentage of the property’s cadastral value, paid by every owner.
Is there a wealth tax in Catalonia?
Yes. Catalonia levies an annual wealth tax above roughly €500,000 of net assets (with a further main-home allowance), on a progressive scale, and a temporary state solidarity tax applies to very large fortunes. Confirm your position with a tax adviser.