When buying a second-hand house in the Canary Islands, you will pay the tax on the change of ownership and documented legal deeds (ITP and AJD) instead of the I.G.I.C. (VAT in Canaria of 7%).
It is ceded to the Spanish autonomous communities and varies between 6% and 10%; the general rate applicable in the Canary Islands is 6.5% of the value of the property declared in the Notarial Deed.

The Municipal Plusvalìa, in Canaria Plusvalìa Comunal, is the tax on the increase in value of urban land (IIVTNU) direct which taxes the increase in value from said land and is levied upon the transfer of ownership of the land by any title or the establishment or transmission of any real right of enjoyment, limiting dominion, over said land.

Real Estate Capital Gain, Plusvalía Fiscal, is the profit obtained after the sale of a property, taking into account the price at which it was purchased.
Sellers, whether natural or legal persons, are required to pay tax on such profits or capital gains through personal income tax or corporate tax , as the case may be.

Many real estate investors who buy in Spain or the Canary Islands, do not know that, they automatically become liable to pay I.B.I. tax during the following year.
No real estate agent will tell you anything, but know that, here local tax authorities are best respected.
The I.B.I. is the equivalent of our IMU in Italy.
Impuesto sobre Bienes Inmuebles, simply called I.B.I. is a tax levied on both Residents and NON-Residents that is paid every 12 months or semi-annually.
It is a local tax levied by the municipality (Ajuntamiento) where your property is located and varies by municipality.
It is calculated based on the taxable value of the property.

Basura is simply the waste tax.
It is paid semi-annually or annually

Impuesto sobre la Renta de no Residentes (IRNR) is the income tax for all those who do not reside in Spanish territory but have obtained income from real estate in Spanish territory.
The deadline for filing Form 210 varies depending on the type of income in question.
Thus, the deadlines would be as follows:

• Income from the sale of real estate: within a maximum period of three months after the period of one month from the date of transfer of the property has elapsed, Form 210 must be filed.
• Imputed income from urban (non-rented) property: if the property was vacant at any time during the year, a Form 210 must be filed for that period.
  The return must be filed during the calendar year following the accrual date.
• Rental income from real estate: income must be declared using Form 210 in the first twenty calendar days of January, April, July and October, with respect to income whose accrual date falls within the previous calendar quarter.
  

  In summary

  Nonresident foreigners who have a property in Spain must file the nonresident declaration annually through MODEL 210 , this declaration is normally made around June/July of each year, depending on the type of income in question Different is having a rented house, since then the declaration becomes quarterly instead of annual, and being declared in the nonresident income model (model 210) in the same year as it accrues.

Form 211 must be submitted by all those persons, both natural and legal, who are residents or nonresidents who purchase real estate located in Spanish territory from a person not resident in Spain.
In other words, the purchaser of the property, is the one who is obligated to withhold 3% of the value of the purchase of the property and is the one who has to submit Form 211 to the Spanish Internal Revenue Service.
The buyer of the property will be obligated to submit this document to the AEAT within one month after notarizing the property.
After making the payment, the buyer will have to deliver to the NON-Resident seller the copy of Form 211 that will serve as proof of payment when making the declaration of income obtained from the transfer of the property.

Form 030 must be submitted by all individuals who are obliged to apply for registration in the taxpayer census.
It is also necessary to submit this form to apply for NIF assignment, this in case of persons with Spanish nationality or foreigners who have to carry out tax transactions and who are not obliged to obtain the DNI.
The Form 030 is also used to report a change of tax address, in case you need to change your personal information as an individual who does not carry out business or professional activities and does not meet income subject to withholding or payment on account.

Form 400 was designed with a clear objective, namely, to generate a census for entrepreneurs with tax domicile in the Canary Islands for the purpose of registration and control for the collection of G.I.I.C. (VAT).
However , the I.G.I.C. is administered directly by the autonomous government of the Islands, which is why it is the Canary Islands Internal Revenue Service that uses Form 400.
You will have to file it if you reside in the Canary Islands and you are a business un or self-employed person who will invoice with I.G.I.C. Even if they are not domiciled in the Canary Islands, those companies that operate through a permanent establishment will be required to file Form 400

Form 420 is the self-declaration that self-employed persons and businesses residing in the Canary Islands must file.
The I.G.I.C. (General Indirect Tax in the Canary Islands) is the Canary Islands tax that is levied that all self-employed persons residing in the Canary Islands archipelago must pay every three months.
All self-employed workers and businesses residing in the Canary Islands who have to issue invoices for the sale of goods or the provision of services are obliged to file I.G.I.C. Form 420 .
They are obliged to submit it even if they had no activity during that quarter and regardless of the outcome from the settlement.
Transactions also include purchases related to the activity.
Form 420 is filed every 3 months, January, April, July, October

Form 425 is a G.I.I.C.(Form 420) summary statement with all transactions made during the year. All self-employed persons residing in the Canary Islands must declare the G.I.I. of their operations every three months and this declaration is made through Form 420.
Form 425 is filed once a year and must be submitted from January 1 to 30 of each year which will be filed together with the G.I.C. declaration.