Modelo 210: Imputed Income vs. Rental Income Compared

How do the two Modelo 210 scenarios differ? Calculations, deadlines and tax treatment compared directly.

Modelo 210 covers two fundamentally different scenarios: unrented properties (imputed income) and rented properties (rental income). The tax treatment, deadlines and calculation methods differ considerably.

In Brief: Which Regime Applies?

Situation	Tax Regime
Property not rented out	Imputed income (renta imputada)
Rented out all year	Rental income (rendimientos de capital inmobiliario)
Partially rented	Combination of both regimes

Which Owners Does This Affect?

Typical cases:

✅ Holiday flat without rental — imputed income only ✅ Airbnb rental in summer, personal use for the rest of the year — mixed use ✅ Long-term rental — rental income only ✅ Multiple owners — each files a separate return ✅ Purchase mid-year — tax is calculated proportionally from the date of purchase

Unrented properties: Imputed income

Basis: cadastral value. Rate: 1.1% (updated) or 2% (outdated) of cadastral value. Tax rate: 19% (EU/EEA) or 24% (third countries). Filing period: annual. Deadline: up to tax year 2025, December 31 of the following year; from tax year 2026, April 1 – December 31 of the following year (Order HAC/623/2026). Expense deductions: not possible.

Rented properties: Rental income

Basis: net rental income after allowable deductions (EU/EEA) or gross rental income (third countries). Tax rate: 19% (EU/EEA) or 24% (third countries). Filing period: quarterly, or annually since 2024 (opt-in). Deadlines: up to tax year 2025, quarterly (20 April / July / October / January) or annually January 1–20; from tax year 2026, April 1–20 of the following year for returns with payment (Order HAC/623/2026). Expense deductions: possible for EU/EEA owners (mortgage interest, depreciation, management costs).

Mixed use: Partial rental

If a property is only rented for part of the year, both regimes apply. Rental income is declared for the rental period, and imputed income for the remaining part of the year. The calculation is done on a daily basis.

Which scenario is more favourable?

This depends on many factors: cadastral value, actual rental income, deductible expenses, and the owner's country of residence. EU owners with high deductible expenses may have a lower tax burden through rental than with imputed income. A double taxation agreement may prevent the same income from being fully taxed in both Spain and the country of residence. However, it does not automatically reduce the tax owed in Spain.

Which regime is more favourable for your property depends on the catastral value (valor catastral), the actual rental income and your country of residence.

Compare for free now:

→ Calculate your Modelo 210 tax

Common Mistakes with Mixed Use

Mistake 1: Filing only one declaration for the entire year Owners who rent out their property for part of the year and use it personally for the rest need two separate declarations: one for rental income and one for imputed income. A single annual declaration covering both is incorrect and may trigger a review by the AEAT.

Mistake 2: Calculating imputed income on the full year With mixed use, imputed income is calculated only for the non-rented days — not for 365 days. If you rent for 90 days, imputed income applies to 275 days: catastral value × 1.1% × (275/365). Using the full year means overpaying.

Mistake 3: Deducting expenses incorrectly EU/EEA owners may deduct costs against rental income — but only proportionally for the rental period. Deducting the full year's community fees, insurance or IBI from a single rental quarter is incorrect. The AEAT only accepts the time-proportionate deduction.

Fiscaro as an Alternative to a Gestoría

Fiscaro is not a gestoría or tax advisor — it is a guided platform for self-filing the Modelo 210. The wizard takes you through all relevant questions, calculates the tax automatically, and transmits the declaration to the AEAT via an authorised submission channel — without a Cl@ve PIN or digital certificate.

What Fiscaro handles:

Determining the correct tax regime (personal use, rental, mixed use)
Automatic calculation with the correct factor (1.1% or 2%)
Transmission to the AEAT via an authorised submission channel — no Cl@ve PIN, no digital certificate required
Support for up to four co-owners

What Fiscaro does not cover:

Tax advice for complex cases
Representation before the AEAT
Back-filing for previous years

Pricing starts from €34.95.

FAQ

Do I need to file a separate declaration for the months I use the property myself, if I also rent it out? Yes. With mixed use, you file two separate Modelo 210 declarations: one for rental income (quarterly or annually) and one for imputed income covering the non-rented days (annually). The AEAT calculates on a daily basis.

Which expenses can EU owners deduct from rental income? Directly attributable costs are deductible: mortgage interest, depreciation (typically 3% of the construction value), community fees, building insurance, repairs, management fees and the proportionate IBI. Personal travel costs and furnishings are not deductible. → Modelo 210 Costs Compared

Can Swiss or UK owners also deduct expenses from rental income? No. The deduction of expenses against rental income is exclusively available to EU/EEA residents. Owners resident outside the EU and EEA pay tax on gross rental income without deductions. A double taxation agreement may prevent the same income from being fully taxed in both Spain and the country of residence, but does not automatically reduce the tax owed in Spain.

Sources

Last updated: April 2026 | Verified against current AEAT legislation

Ready for your Modelo 210 in 2026?

Start the Fiscaro wizard — enter your catastral value, calculate your tax, and transmit your declaration to the AEAT via an authorised channel. No Cl@ve PIN, no paperwork, no gestoría.

→ Calculate and file your Modelo 210 now