Andalusia, a vibrant region in southern Spain, levies several recurring taxes on property owners. These primarily include the Impuesto sobre Bienes Inmuebles (IBI), similar to property or council tax, and the Impuesto sobre la Renta de No Residentes (IRNR), an income tax for non-residents who own property but don’t live in Spain. The IBI is calculated based on the valor catastral (cadastral value) of the property, a value determined by the Spanish authorities, and varies by municipality. The IRNR, for non-residents, is typically a percentage of the deemed rental income, even if the property isn’t rented out.
Understanding these levies is crucial for anyone considering property ownership in Andalusia. Accurate budgeting requires factoring in these recurring expenses. Additionally, awareness of these taxes and their implications can prevent unexpected financial burdens and facilitate informed investment decisions. Historically, these taxes have played a vital role in funding local services and infrastructure in the region.
