Français
EnglishBuying a home or investing in Spain from the Netherlands
What changes when you buy from the Netherlands
Our solutions for your property project in Spain
1,500+ property projects since 2017
The strength of an expert property group in Spain
Frequently asked questions
How do I get a NIE?
Every buyer needs a NIE, the foreigner identification number, to sign at the notary, pay taxes and open a Spanish bank account. You can apply at a Spanish consulate in the Netherlands or in Spain, giving the purchase as the reason. If you register as a resident in Spain, you receive it at the same time. We handle the application with you.
Which expenses can I deduct from my Spanish rental income?
As a resident of an EU country, you can deduct the expenses directly linked to the rental, such as the IBI property tax, community fees, insurance, repairs, mortgage interest and the depreciation of the building. Keep the invoices: you must be able to show that each expense relates to the rental income earned in Spain.
Which taxes do I pay in Spain each year as an owner?
The IBI, the yearly local property tax, and non-resident income tax at 19%: on the net rent, or on a notional income when the home is not rented. Spain's wealth tax applies to non-residents only on assets located in Spain, after an allowance of €700,000, and the solidarity tax on large fortunes only on taxable wealth above €3 million.
What happens when I sell?
Spain taxes the gain at 19%. As you are not resident in Spain, the buyer withholds 3% of the price and pays it to the Spanish tax office on account of your tax. If the 3% is more than the tax due, you claim the difference back. The 1971 treaty allows Spain to tax this gain. Ask a Dutch tax adviser how the sale affects your Dutch return.
Do I need to be in Spain to sign?
No. You can sign a power of attorney before a Dutch notary, have it apostilled at a district court (rechtbank) and translated into Spanish, or sign it at a Spanish consulate. The person you appoint then signs on your behalf. We organise the signing with you.
What does buying cost, and can I get a Spanish mortgage?
Count on roughly 10 to 15% of the price for taxes, notary, land registry and fees. The largest item on a resale property is the transfer tax, which each region sets, and we give you a detailed estimate for every property you consider. Spanish banks lend to non-residents, usually for a smaller share of the price than for residents. Alveo Finance, the Alveo group's mortgage broker, can look at the options with you.
