Non-Resident Landlord Tax
The UK-Spain Tax Treaty for Property Investors: Holiday Homes, BTLs, and the Spanish Wealth Tax
· Property Tax Partners Editorial Team · 10 min read
The 2013 UK-Spain treaty allocates UK property taxing rights to the UK and Spanish property taxing rights to Spain, with foreign tax credit on either side. The complications are post-Brexit IRNR rates (UK landlords with Spanish holiday lets now pay 24% on gross rent, not 19% on net), the Spanish wealth tax (Patrimonio) and Solidarity Tax on Large Fortunes on UK property held by Spanish residents, Plusvalía Municipal, and Modelo 720 information reporting for Spanish residents on UK assets. This page walks both directions: UK-resident with a Costa del Sol holiday home, and Spanish-resident with a UK BTL.

Frequently asked questions
- I am UK-resident with a Spanish holiday let. How is the rental income taxed?
- Spain taxes the rental income under the Impuesto sobre la Renta de No Residentes (IRNR). Post-Brexit, UK residents are non-EEA for IRNR purposes, so the rate is 24% on gross rental income with no expense deduction. Pre-Brexit (until 31 December 2020), UK residents were treated as EEA and paid 19% on net rental income after expenses. The shift is the single biggest UK-Spain tax change since the treaty entered force, and it usually doubles the Spanish-side effective tax on a Spanish holiday let. The UK side then taxes the same income with foreign tax credit for the Spanish IRNR under TIOPA 2010 ss.18 and 130.
- I am Spanish-resident with a UK BTL. How is the rental income taxed?
- The UK retains primary taxing rights under Article 6 of the 2013 treaty. UK income tax under ITTOIA 2005 Pt 3 applies as for any UK landlord, with the s.272A finance-cost restriction and the personal allowance (where you qualify under the treaty or as a UK or EEA national). The UK Non-Resident Landlord scheme is statutory and applies regardless of treaty residence: the letting agent or tenant withholds 20% basic-rate UK tax unless you hold NRL1 gross-payment approval. Spain then taxes the UK rental income for its resident with foreign tax credit for the UK income tax paid under Article 22 (elimination of double taxation, credit method).
- What is the Spanish Patrimonio (wealth tax) and does it apply to UK property?
- Impuesto sobre el Patrimonio is a Spanish wealth tax on net worth at 31 December each year. It applies to Spanish tax residents on worldwide assets, including UK property. The headline threshold is €700,000 (€500,000 in Catalonia, fully reduced to nil tax by regional allowances in some autonomous communities including, historically, Madrid). Rates rise from 0.2% to 3.5% across bands above the threshold. UK property held by a Spanish resident is within the Patrimonio base. The UK has no equivalent tax to credit; Patrimonio is a Spanish-only line that the UK-Spain treaty does not address.
- What is the Solidarity Tax on Large Fortunes and does it interact with Patrimonio?
- The Impuesto Temporal de Solidaridad de las Grandes Fortunas, introduced by Ley 38/2022 from 1 January 2023, applies a state-level wealth tax on net worth above €3 million. Rates run from 1.7% (€3m-€5m), 2.1% (€5m-€10m), and 3.5% (above €10m). The Solidarity Tax was designed to claw back the wealth tax base in regions that had reduced Patrimonio to nil (notably Madrid). Patrimonio already paid in a region offsets the Solidarity Tax, so the practical effect is that the state collects whatever Patrimonio the region forgoes. For Spanish-resident landlords with portfolio UK holdings above €3 million net, this matters. The UK has no equivalent.
- What is Plusvalía Municipal and does it apply to UK property?
- Plusvalía Municipal (Impuesto sobre el Incremento del Valor de los Terrenos de Naturaleza Urbana, IIVTNU) is a local tax on the increase in urban land value on transfer of Spanish urban land. It is municipality-by-municipality. Plusvalía Municipal does not apply to UK property (it applies only to Spanish urban land), so for UK property tax it is generally irrelevant. It matters in the reverse direction: a UK-resident selling a Spanish holiday flat in Marbella triggers Plusvalía Municipal at the municipal level plus the national Spanish CGT line.
- Does the UK-Spain treaty cover Spanish CGT on the sale of a UK property by a Spanish resident?
- Article 13(1) of the 2013 treaty gives the UK primary taxing rights on UK immovable property gains. Article 13(4) extends this to gains on shares in property-rich entities (over 50% value from UK immovable property). UK Non-Resident CGT (TCGA 1992 s.1A and Schedules 1A, 1B and 4AA) applies as a UK statutory charge. Spain then computes its own ganancia patrimonial on the disposal under Spanish rules and credits the UK CGT under Article 22. Spanish-resident CGT rates are 19%, 21%, 23%, 27%, and 28% across bands; the UK credit is restricted to the Spanish tax on the same gain.
- What is Modelo 720 and does it apply to a Spanish resident with a UK BTL?
- Modelo 720 is the Spanish foreign-asset reporting form. Spanish tax residents must declare foreign assets above €50,000 per category (bank accounts, securities and life insurance / immovable property) by 31 March each year. UK property held by a Spanish resident is reportable under the immovable property category. The pre-2022 Modelo 720 penalty regime was disproportionate (CJEU case C-788/19, January 2022); Spain reformed the penalty schedule in 2023 to align with standard penalty rates, but the filing obligation remains. Non-filing or late filing now carries standard tax-geared penalties under Ley General Tributaria.
- Did the post-Brexit position change the UK-Spain treaty itself?
- No. The 2013 treaty is unchanged by Brexit. What changed is the underlying domestic Spanish rules that referenced EEA status. For non-resident income tax (IRNR), the EEA preferential rate of 19% with expense deduction is no longer available to UK residents from 1 January 2021. UK residents now sit in the non-EEA group at 24% on gross. This is a Spanish-side domestic-law change layered on top of an unchanged treaty.
- Does the UK-Spain treaty change UK SDLT for a Spanish-resident purchaser?
- No. Stamp Duty Land Tax is outside the scope of the income and capital tax treaty. A Spanish-resident purchaser pays SDLT under FA 2003, including the 2% non-resident surcharge under Schedule 9A on the residence test (broadly, 183 days in the UK over the 365 days preceding the effective date) and the 5% additional dwellings surcharge for second homes and BTL acquisitions.
- Is there a separate UK-Spain IHT treaty?
- No. The UK has IHT treaties with only eight jurisdictions (US, France, Netherlands, Sweden, India, Pakistan, Switzerland, and South Africa). Spain is not one of them. For estates of UK long-term-residents (post-April-2025 IHT regime) holding Spanish property, or of Spanish-domiciled individuals with UK property, the UK applies its domestic IHT rules and Spain applies its Impuesto sobre Sucesiones y Donaciones (regional, with major variations between communities). Double tax on the same estate is mediated only by unilateral relief on each side, not by treaty.
- Can I claim a UK personal allowance as a Spanish-resident UK landlord?
- Often yes. UK and EEA nationals retain the UK personal allowance under domestic UK law. Spanish nationals can claim the personal allowance under the UK-Spain treaty's non-discrimination article where the conditions are met. HMRC's HS304 helpsheet sets out the qualifying categories. With the personal allowance, a Spanish-resident UK landlord with rental profit inside £12,570 may owe nil UK tax (subject to the s.272A finance-cost calculation).
- Does the UK-Spain treaty have a Mutual Agreement Procedure?
- Yes. Article 25 of the 2013 treaty provides for Mutual Agreement Procedure between HMRC and the Spanish Agencia Tributaria. Standard three-year time limit applies from the first notification of the action giving rise to taxation not in accordance with the convention. MAP is appropriate for material bilateral disputes (residency tie-breaker disagreements, transfer-pricing characterisation, IFI / Patrimonio double-tax arguments).
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