Nora
Accounting Consultant

For those who own a holiday home in Spain – declare correctly

Modelo 714

Are you a non-resident and own a holiday home in Spain?

You may need to declare the property in modelo 714, in addition to modelo 210. Modelo 714 is the wealth declaration that is filed during the period from May to June 2023.

 

The declaration is filed individually, which means that spouses have separate taxation and are taxed on their own portion. Important to note is the value of the property – if the value is 700,000 euros or more, you should contact us to analyze your situation (the threshold amount may vary between different comunidades autónomas).

 

You are welcome to send all documentation to us via email or visit our office so we can prepare the wealth tax return in good time.