The non-resident owner's year: a checklist for your Mallorca home

Every year

These apply whether or not you let the property, and whether or not you spend a single night there.

• Tax Form 210 for imputed income. Spain taxes a notional income on a home kept at your disposal: 1.1% of the cadastral value, or 2% if that value has not been reviewed in the last ten years. The rate is 19% for residents of the EU, Iceland, Norway and Liechtenstein and 24% for everyone else. One return per owner and per property. Income for 2025 is filed during 2026; income for 2026 between 1 April and 31 December 2027.
• IBI, the municipal property tax. Charged every year by the town hall where the property is, or collected on its behalf by the Balearic tax agency (ATIB) in many Mallorca municipalities. A direct debit from a Spanish account avoids late payment surcharges.
• The municipal waste charge. Most municipalities bill it separately from IBI, on their own calendar.
• The community of owners. In a development or a building, the community sets annual fees and holds at least one general meeting a year. Decisions on tourist letting and on works are taken there.
• Wealth tax, where it applies. If your Spanish assets exceed two million euros, a Tax Form 714 is due by 30 June even if nothing is payable, because the return is where the Balearic threshold of three million euros is elected.

If you let the property

• Rental income replaces imputed income for the days the property is let. From income accrued in October 2026 the return is annual, filed between 1 and 20 April of the following year. Income accrued between April and September 2026 still follows the quarterly deadlines of July and October 2026.
• Residents of the EU, Iceland, Norway and Liechtenstein may deduct expenses such as community fees, IBI, insurance, repairs and depreciation. For everyone else, including residents of the United Kingdom and Switzerland, the tax office assesses the gross rent. The Audiencia Nacional ruled in July 2025 that those owners may deduct expenses too. The judgment is not final, but it is a reason to keep your expense records and to consider a refund claim for the open years.
• A certificate of tax residence from your home country supports the rate you apply. Renew it every year.
• For holiday lets, add the ETV licence, the national registration number that platforms require, and the tourist stay tax collected from guests.

When something changes

A few events create obligations of their own, with deadlines measured in weeks rather than years.

• A co-owner dies. The heirs have six months to file the inheritance tax return, even where the Balearic relief brings the tax to nil, and the municipal land value tax falls due as well.
• You sell. The buyer withholds 3% of the price, and your own capital gain return follows about four months after completion. Unfiled Tax Form 210 years usually come to light at this point.
• You spend more time on the island. Beyond 183 days in a calendar year, or with your economic interests centred in Spain, you may become tax resident, and the whole picture changes.
• Your address abroad changes. The Spanish tax office writes to the address it holds. Keep it current, or appoint a representative in Spain, so that letters reach someone.

Keep on file

The document that most often costs owners money is the one they cannot find when they sell. The acquisition value of the property, increased by the taxes and costs paid at the time and by the cost of improvement works, reduces the taxable gain. Without evidence, the gain is worked out on the price in the deed alone.

• The purchase or inheritance deed, and the transfer tax or VAT paid on it.
• Invoices for improvement works, which are not the same as repairs and maintenance.
• Every Tax Form 210 filed, with its payment receipt.
• IBI receipts and the cadastral reference.

How we handle it

For owner clients we keep this calendar ourselves. We file the Tax Form 210 for each owner, check the cadastral value and its revision date, watch the wealth tax threshold and flag anything that changes. You receive the stamped returns and a short note of what comes next.

Sources: Consolidated Non-Resident Income Tax Act (Real Decreto Legislativo 5/2004); Orden HAC/623/2026 of 12 June; consolidated Local Finance Act (Real Decreto Legislativo 2/2004); Ley 19/1991 on wealth tax.

This page is general information and reflects the rules in force on the date shown. It is not advice and does not replace an assessment of your own case.