{"id":41726,"date":"2023-02-01T11:46:58","date_gmt":"2023-02-01T11:46:58","guid":{"rendered":"https:\/\/www.propertyforsalegrancanaria.com\/property-tax-management\/"},"modified":"2023-02-01T11:46:58","modified_gmt":"2023-02-01T11:46:58","slug":"property-tax-management","status":"publish","type":"page","link":"https:\/\/www.propertyforsalegrancanaria.com\/en\/property-tax-management\/","title":{"rendered":"Property Tax Management"},"content":{"rendered":"

[vc_row full_width=”stretch_row” full_height=”yes” columns_placement=”stretch” css=”.vc_custom_1679995798931{background-image: url(https:\/\/www.propertyforsalegrancanaria.com\/wp-content\/uploads\/2023\/03\/IMG_1133-2-scaled.webp?id=9161) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][vc_custom_heading text=”Many real estate investors who buy in Spain or the Canary Islands are unaware that they automatically become liable to pay local tax taxes.” font_container=”tag:h2|text_align:center|color:%23ffffff” use_theme_fonts=”yes”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1674824036866{padding-bottom: 15px !important;background-color: #2f2e3a !important;}”][vc_column][vc_custom_heading text=”Through my Team I can provide you with assistance on the tax management of your property, whether buying or selling or income generated from short rentals for NON-resident owners and residents of Gran Canaria.” font_container=”tag:h3|font_size:25|text_align:center|color:%23ffffff|line_height:1″ use_theme_fonts=”yes” css_animation=”none” css=”.vc_custom_1681574415839{margin-bottom: 30px !important;}”][vc_column_text]<\/p>\n

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If you are looking for assistance on tax management of your property in Gran Canaria, my Team is here to help.
\nWe are experienced in providing personalized advice for both property purchases and sales, as well as income generated from short rentals, for both NON-resident and island resident owners.
\nWhen it comes to property taxes in Gran Canaria, it is essential to have a thorough understanding of local tax laws and regulations.
\nLocal tax authorities must be respected, and this is where my real estate agency specializing in tax services can be of great help.
\nOur “The Real Estate Investors Circle” method is designed to ensure that every property is handled in a tax-efficient manner.
\nWith years of experience managing property taxes in Gran Canaria, we can offer you optimal solutions to minimize tax costs and maximize profits.
\nRely on us for your property tax management and enjoy the fruits of your investment without worry.
\nOur goal is to make the process easy, safe and convenient for you.
\nChoose our Team to get expert assistance on the tax management of your property in Gran Canaria. <\/p>\n

Contact us today for a personalized consultation.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/vc_column_text][vc_separator color=”orange” style=”shadow”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1674824036866{padding-bottom: 15px !important;background-color: #2f2e3a !important;}”][vc_column][vc_custom_heading text=”Our property tax management services in Gran Canaria” font_container=”tag:h2|font_size:35|text_align:center|color:%23ffffff|line_height:1″ use_theme_fonts=”yes” css=”.vc_custom_1675252268416{margin-bottom: 30px !important;}”][vc_separator color=”orange” style=”shadow”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1674913162071{background-color: #282828 !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1679739206350{border-radius: 5px !important;}”][vc_custom_heading text=”CLICK AND DISCOVER THE SERVICES” font_container=”tag:h2|text_align:center|color:%23ffffff” use_theme_fonts=”yes”][vc_tta_tour style=”modern” shape=”round” color=”sky” active_section=”1″][vc_tta_section title=”REGISTRY OFFICE” tab_id=”1679734467290-8ffa7e5b-40ee”][vc_column_text]After the Notarial Deed we deal with the registration at the Land Register.
\nThe Land Register, represents that set of registers, deeds and documents, which record, for all properties located of a given cadastral municipality, the legal history of the factual and legal changes that have occurred over the years. [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”WEALTH TRANSFER TAX (ITP)” tab_id=”1679734467299-c004ba69-404b”][vc_column_text]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%).
\nIt 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. [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”MUNICIPAL CAPITAL GAIN (IIVTNU)” tab_id=”1679734645393-33a48329-3849″][vc_column_text]The Municipal Plusval\u00eca, in Canaria Plusval\u00eca 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.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”CAPITAL GAIN FOR TAX PURPOSES” tab_id=”1679734670187-830a2528-cd44″][vc_column_text]Real Estate Capital Gain, Plusval\u00eda Fiscal, is the profit obtained after the sale of a property, taking into account the price at which it was purchased.
\nSellers, 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. [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”I.B.I.” tab_id=”1679734691765-5a89900c-fe88″][vc_column_text]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.
\nNo real estate agent will tell you anything, but know that, here local tax authorities are best respected.
\nThe I.B.I. is the equivalent of our IMU in Italy.
\nImpuesto sobre Bienes Inmuebles<\/span>, simply called I.B.I. is a tax levied on both Residents and NON-Residents that is paid every 12 months or semi-annually.
\nIt is a local tax levied by the municipality (Ajuntamiento) where your property is located and varies by municipality.
\nIt is calculated based on the taxable value of the property. [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”BASURA” tab_id=”1679745437393-c42397ac-8f0a”][vc_column_text]Basura is simply the waste tax.
\nIt is paid semi-annually or annually [\/vc_column_text][\/vc_tta_section][vc_tta_section title=”MODEL 210″ tab_id=”1679734750580-e495e1f4-a9af”][vc_column_text]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.
\nThe deadline for filing Form 210 varies depending on the type of income in question.
\nThus, the deadlines would be as follows: <\/p>\n