New reference values for urban real estate

On the 1st of January this year, the new regulations on the new reference value for urban real estate came into force. On 22nd December last year, the Official State Gazette (BOE) published an announcement from the General Directorate of Cadastre on the elements required to determine the reference values of urban real estate for …

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What is the NIE (Foreigners’ Identification Number)?

All foreigners who buy a house in Spain or want to open a bank account must first obtain their NIE, which is composed of a letter, 7 numbers and a verification code. This number must appear, for example, in the deed of sale of properties that foreigners acquire in Spain.

Non-Resident Income Tax (IRNR)

Non-residents in Spain who own real estate in Spain are subject to Non-Resident Income Tax (IRNR). Let us see below in which cases non-residents will have to pay this tax.