![]() the classification of the land the property is built on.The amount of tax to be paid generally depends on: YOU MAY ALSO LIKE TO READ Ronda, Inland Malaga However, it is better explained as the Spanish equivalent of the old UK style “council tax” that is paid every year to your local town hall. ![]() IBI is an abbreviation of “Impuesto sobre Bienes Inmuebles”, literally translated as “property tax”. So, what is the IBI tax? How is it calculated? Many expats often confuse these two taxes and are hit with hefty fines for non-payment. In this article, we are going to look at IBI tax.īe aware that the property tax paid via the Non-Resident Tax Return form (Modelo 210) should not be confused with the IBI tax in Spain. If you are thinking about buying property in Spain, our Buyer’s Agent Spain service will save you time and money and eliminate stress and risks. ![]() ![]() A good accountant/gestor will ensure you pay your dues on time, in order to avoid any unexpected hefty fines! There are different obligations for residents and non-residents. A good lawyer will explain all this to you before you commit to purchasing a property. It is important to fully understand your tax and payment obligations when buying property in Spain.
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