Nora
Accounting Consultant

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

Modelo 718

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

You may need to declare the property in Modelo 718, in addition to Modelo 210. Modelo 718 is a wealth declaration that is submitted during the period May to June 2023.

 

The declaration is made individually, which means that spouses are taxed separately and taxed for their own part. It is important to note the value of the property; if the value is 2,000,000 euros or more, you should contact us to analyze your situation (the threshold may vary between different autonomous communities).

 

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.