Modelo 210 Guide
Imputed Income: Tax on Unrented Properties in Spain
What is imputed income, how is it calculated, and how much tax do non-resident owners pay?
Do you need to file Modelo 210?
Many owners of holiday properties in Spain are surprised: even if they never rent out their property and rarely use it themselves, they owe the Spanish tax authority annual taxes. The reason: the concept of imputed income.
What Is Imputed Income (Renta Imputada)?
Imputed income (Spanish: renta imputada) is a notional income assigned by the Spanish tax authority AEAT to non-rented properties. The tax applies regardless of whether the property is actually used or left empty.
Many owners are surprised: even those who never rent out their Spanish holiday home must pay tax annually — on this notional income.
| Situation | Tax treatment |
|---|---|
| Property not rented out | Imputed income (renta imputada) |
| Property rented out | Rental income (rendimientos de capital inmobiliario) |
| Partially rented | Combination of both regimes |
Why does Spain tax unrented properties?
Every property has an economic value. Anyone who does not rent it out "forgoes" a potential rental yield — and Spain levies income tax on this notional yield via the Modelo 210.
How is imputed income calculated?
The calculation is based on the cadastral value ("valor catastral") of the property: If the cadastral value was revised, updated or newly set on or after 1 January 2012, 1.1% applies (source: DA 55 LIRPF / AEAT Manual Renta 2025 §7.3.4). In all other cases — i.e. where the last revision was before 1 January 2012 — 2% applies. The applicable income tax rate is then applied to this amount — currently 19% for EU/EEA owners. For tax residents outside the EU and EEA, different rates may apply. The applicable rate depends on the tax classification of the country of residence.
Example calculation
Cadastral value: €120,000. Revised on or after 1 January 2012 (1.1% applies): 1.1% × €120,000 = €1,320 imputed income. Tax rate for EU owners: 19%. Annual tax liability: €1,320 × 19% = €250.80.
Want to know exactly how much your Modelo 210 tax will be?
No expense deductions possible
For imputed income, no expenses (mortgage interest, running costs, management fees) can be deducted. This is a key difference from rental income, where EU/EEA owners can claim certain costs.
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 have to pay imputed income tax even if the property is empty all year? Yes. Spain taxes ownership itself, not actual use. As long as you do not rent out the property, imputed income tax applies — regardless of whether you visit the property or not.
Can I deduct expenses such as community fees or insurance from the imputed income tax? No. For imputed income, no expense deductions are permitted. Mortgage interest, community fees, insurance and repairs do not reduce your tax liability. Expense deductions are only available for actual rental income and only for EU/EEA owners. → Modelo 210 Costs Compared
What happens if I rent out the property for just a few days — does the rental regime still apply? Yes, for those days. For rented and non-rented periods, a time-proportionate allocation applies: rental days fall under the rental income regime, the remaining days under imputed income. Even a single week of rental requires a separate declaration.
Sources
- AEAT: Modelo 210 – Filing deadlines
- Sede Electrónica del Catastro
- Ley del Impuesto sobre la Renta de No Residentes (IRNR)
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
Hanns-Christopher Deppe
Founder of Fiscaro · Real Estate Economist & Dipl. Industrial Engineer · Agent in Mallorca
Hanns-Christopher has lived in Mallorca for over 15 years and has guided hundreds of non-residents through their Spanish tax obligations. He founded Fiscaro to make the Modelo 210 process as simple as possible.
This article is for general information purposes only and does not constitute individual tax advice. For an assessment tailored to your specific circumstances, we recommend consulting a qualified tax adviser or Spanish gestoría.
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