When am I considered tax resident in Spain?
Determining your tax residency in Spain involves considering various factors and it can be very complex as there are no absolute rules, but rather points of connection to assume that a given individual should be considered a tax resident.
The main criteria used to determine your tax residency in Spain are the following:
Physical presence: if you spend more than 183 days (calculated according to some rules) during a calendar year.
Economic ties: if the main center of your economic or professional activities is located in Spain (even if you spend less than 183 days)
Additionally, if your spouse or dependent children reside in Spain, it may be an indication of tax residency in Spain.
Does a non-resident have to pay taxes in Spain?
Yes, non-residents are generally required to pay taxes in Spain on specific types of income or assets sourced in Spain. The tax obligations for non-residents in Spain vary depending on the nature of their income and assets.
What is the Cadastral Value?
The cadastral value is the assessed value of a property for taxation purposes. This value is assigned by local authorities and it is determined by considering various factors such as location, size and market conditions of the property.
Where to find the Cadastral Value
The cadastral value can be found in a Real Estate Ownership Tax receipt (known in Spanish as IBI) in which you will find the total value of the property as well as the value given to the land and the value given to the construction.
What is an NRC?
Complete Reference Number (known as NRC in Spanish) is a reference number used in banking transactions to uniquely identify and track a specific payments or transfers. The NRC is provided when making a deposit or transfer and is used to associate the payment with the corresponding account or transaction.